A Peoples Guide to Capitalism¶

Metadata¶

• Author: Hadas Thier
• ASIN: B08DCN3RBW
• ISBN: 1642591696
• Reference: https://www.amazon.com/dp/B08DCN3RBW
• Kindle link

Highlights¶

“The starting point of the development that gave rise both to the wage-laborer and to the capitalist was the enslavement of the worker. The advance made consisted of a change in the form of this servitude, in the transformation of feudal exploitation into capitalist exploitation.” — location: 351 ^ref-58294

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“The Deserted Village.” — location: 357 ^ref-48619

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“The chain of payment obligations,” as Marx wrote, suddenly breaks “in a hundred places.” — location: 2878 ^ref-63024

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at its best, a “healthy” capitalist economy depends on exploitation, poverty, oppression, and environmental destruction in order to function. — location: 2916 ^ref-39310

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“[Credit] stimulates… the bold and unscrupulous utilization of the property of others. That is, it leads to speculation. — location: 3983 ^ref-33143

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While in 1973, David McNally explained, “financial returns made up just 16 percent of total profits in the American economy—a level that remained steady until the mid-1980s,” by 2007, “financial gains had soared to fully 41 percent of all US profits: And because these profits derive overwhelmingly from loans, their stupendous rise could only mean one thing: mounting levels of indebtedness throughout the economy… from slightly more than $10 trillion [in 1987] to $43 trillion [in 2005].” — location: 4046 ^ref-63267

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Capitalism, with its immense productive capacity, has created, for the first time, the ability to wipe out hunger, want, and poverty. The fact that it won’t—and in fact can’t—is its crime. — location: 4669 ^ref-7652

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Only the working class has the interest and collective power to bring about a system based on wants instead of profits, by organizing the massive productive powers unleashed by capitalism in collective and sustainable ways. — location: 4671 ^ref-2270

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