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In this podcast, James Lindsay discusses Marx's definition of capitalism as an ideology of limitless capital accumulation. He explores how Marx viewed capitalism as a system of exploitation and oppression. The podcast also delves into the misconception of reaching the limits of resources and the hijacking of the concept of capital. It analyzes initiatives like ESG and sustainable development goals that promote communism and critique capitalism.
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- Marxists define capitalism as a totalizing civic religion centered around limitless capital accumulation, viewing it as a fundamental organizing principle of society.
- Marxists construct a straw man of capitalism by portraying it as a relentless and destructive force driven solely by an insatiable desire for profit-making, misrepresenting the diverse motivations and behaviors of individuals within businesses.
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Marxists' Definition of Capitalism
According to Marxists, capitalism refers to a totalizing civic religion that revolves around limitless capital accumulation. They view capitalism as a fundamental organizing principle of society, where the acquisition and accumulation of capital becomes the central goal. Marxists argue that capitalism entails a specific kind of private property called capital, which allows certain individuals to exploit and oppress others. They perceive capitalism as an ideology that justifies exploitation and alienation, with the worship of capital serving as a civic religion.
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