The Present Economic System (Classic Reprint) - Softcover

Inhaltsangabe

Understand how production, machines, and investment shape jobs, wages, and recurring economic crises.

In accessible terms, this book explains how capitalism ties together factories, capital, and the labor force. It shows how the pursuit of surplus value drives technological change, longer workdays, and shifts in who does the work.

The discussion moves from the rise of the factory and the division of labor to the large-scale dynamics of capital, competition, and state power. It connects everyday work with broad forces like investment cycles, monopolies, and even militarism, offering a framework to see why crises and unemployment recur.

• How the factory system and division of labor changed the work people do.
• How machines and large-scale production affect hours, wages, and job security.
• How capital accumulation shapes crises, growth of monopolies, and global expansion.
• How state institutions and military power interact with capitalism to manage labor and markets.

Ideal for readers curious about the economic forces behind modern work, business cycles, and social change.

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