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Shifting Economic Views
- Twenty years ago, socialism and communism were taboo subjects in America.
- Now, figures like Bernie Sanders and rising positive views of socialism show a shift in public opinion.
Internal Conflicts in Economic Systems
- Marx believed that every economic system has internal contradictions that lead to its downfall.
- He saw these "internal conflicts" as systemic issues, not just incidental problems.
Capitalism's Internal Conflict
- Capitalists, driven by profit, reduce labor costs through automation and wage stagnation.
- This creates an internal conflict: workers, as consumers, have less money to buy products, leading to economic instability.