Monday, August 22, 2005

What Is "Capitalism"?

Chris Matthew Sciabarra the meaning of the word. A quote:

"Marx views the business cycle as an extension of intensifying class struggle. The state's ability to thrust an arbitrary amount of unbacked paper money into circulation creates an inflationary dynamic that favors debtors at the expense of creditors. The credit system becomes an instrument for the 'ever-growing control of industrialists and merchants over the money savings of all classes of society.'"

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