[Marxism] How capitalism works and doesn't work

Philip Ferguson philipferguson8 at gmail.com
Sun Feb 21 18:52:16 MST 2016

According to economics.about.com, “In every economic system, entrepreneurs
and managers bring together natural resources, labor, and technology to
produce and distribute goods and services.” They do qualify this by
claiming, “But the way these different elements are organized and used also
reflects a nation’s political ideals and its culture.” (They also note
Marx’s description of a capitalist economy as one in which a small group of
people who control wealth make the key economic decisions.)

It’s important to understand that the idea that every economic system has,
or requires, “entrepreneurs and managers” in order to operate is factually
wrong. For most of the time that human beings have existed we lived in. . .


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