Features of capitalism and its critique: towards a map of conflicts

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Features of capitalism and its critique: towards a map of conflicts

Capitalism: The Compulsion of Accumulation vs. Conventional Freedom

Capitalism is not just a free market, but a recurring structure of economic power reproduction. Contrary to common associations with greed, this system is based on an objective logic of accumulation that forces profit maximization under conditions of ruthless competition. This article analyzes how this mechanism shapes institutions, technologies, and social relations, and why contemporary discontent is a symptom of deeper structural conflicts. You will learn what physical and social barriers the ideology of growth encounters and how European politics attempts to "civilize" this system.

Marx: Power Asymmetry in the Accumulation Process

The foundation of capitalism is the asymmetry of necessity. According to Marx, the worker, deprived of the means of production, must sell their labor power to survive, while capital can wait for better conditions. This imbalance allows wages to be kept at the level of biological reproduction and disciplines employees through a "reserve army" of the unemployed. Even keynesizm, which attempts to stabilize the system through state demand stimulation, faces a political barrier: full employment weakens the power of employers, which—as Michał Kalecki noted—prompts elites to sabotage lasting stabilization in favor of the disciplining influence of crises.

Neoliberalism: Market Logic Colonizes Social Life

Frequently Asked Questions

How does contemporary neoliberalism differ from classical liberalism?
Neoliberalism is not a simple return to the free market, but a program of expansion of market logic into spheres previously alien to it, such as politics and social life.
What are the main assumptions of the ecological critique of capitalism?
This critique, based on the law of entropy, argues that the ideology of unlimited economic growth is physically inconsistent with the structure of the material world.
Why is homework called the “dark matter” of the economy?
This is unpaid care work, which forms the essential foundation for the reproduction of the labour force, yet remains invisible in traditional economic balance sheets.
Why might economic elites sabotage full employment policies?
According to Michał Kalecki, full employment weakens the disciplining influence of unemployment, which threatens the political domination of the capital class over workers.
What is the relationship between the rate of return on capital and inequality?
Thomas Piketty shows that when the rate of return (r) is higher than economic growth (g), the system automatically generates a concentration of wealth at the top.

Related Questions

Tags: capital accumulation asymmetry of necessity added value financialization neoliberalism monopoly capitalism law of entropy reproduction of the labor force multiplier mechanism full employment seeking a pension coercive structure value drain feminist economics business cycle