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Lecture #3 Marxist Economics

Policy@McCombs

CHAPTER

Capitalism Is Worse Than Its Predecessors

The defining goal of capitalism is the accumulation of ever greater surplus value. In pre-capitalist societies, use values still predominate over exchange values. Under capitalism there is by definition a thirst for creating more and more surplus value. This is why capitalism is in a way worse than slavery. But it's also better in another sense: It adds to the comforts of life for us all.

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