The Key Contradiction in Capitalist System

Bruno Jossa

Review of Radical Political Economics, 2014, vol. 46, issue 3, 277-291

Abstract: Which is the fundamental contradiction of capitalism: the capital-labor polarity or the contrast between socialized production and private appropriation? Those looking on the capital-labor polarity as the main contradiction will argue that socialism arises when the passage from a system controlled by capital owners to a system of worker-run firms sparks off the reversal of the usual capital-labor relation. Conversely, those who think that the key contradiction of capitalism is the contrast between socialized production and private appropriation will contend that the social order to rise from the ashes of capitalism is a centrally planned system. This paper reports arguments in support of the former option.

Keywords: producers’ cooperatives; socialism; dialectics (search for similar items in EconPapers)
JEL-codes: J54 P13 P2 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:46:y:2014:i:3:p:277-291

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