Australian Left Review

Article Title

Have the Economic Contradictions of Capitalism been Solved?


Charlie Silver


MARX SHOWED that there was a basic contradiction between social production and the private (capitalist) ownership of the means of production and of the product. As a result of this contradiction, in the long run the social relations between workers and capitalists become a barrier to the development of the productive forces. The 1929-39 economic crisis and depression was seen by many as establishing Marx’s basic proposition beyond any reasonable doubt.