3min chapter

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PoliEdPod 1: Marx and Political Economy (Introduction to Class Unity #1)

Class Unity

CHAPTER

The Dynamic of Capitalist Society and Competition

The best possible situation is one in which you're dependent on this thing to exploit you. The more powerful and costly the means of production that he has called into existence enable him, Marx says. He will sell his half yard of linen more cheaply than his competitors. But the privilege of our capitalist is not for of long duration. Other competing capitalists introduced the same machines, the same division of labor, and introduced them upon the same or even upon a greater scale. And finally, this introduction becomes so universal that the price of linen is lowered below its old, but even below its new cost of production. This is the law of continually of continue. It is the law that continually throws capitalist production

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