
What Marx & Marxism Offer us Today
Economic Update with Richard D. Wolff
00:00
Understanding Marxism
One of the first and most important books that democracy at work produced was a book called understanding marxism. The criticism marks levied went after those aspects of capitalism that he felt would make people understand that they could and they should do. Every capitalist has an incentive to lower the costs of whatever it is he or she produces, right? So saving on your labor costs is always a big one. Getting workers at a lower wage that you have to pay them, doing with fewer workers, maybe because you buy a machine, or making the existing workers work harder or work longer, or work faster. This is a built in problem when you organize society's production between an employer and an employee - profit
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