In the latest video from the Marxist Student Federation’s Myths of Marxism series, Stephen Agnew of the Sheffield Marxists examines whether capitalism – based on the market, competition, private ownership and production for profit – really is the most efficient economic system possible for society.
In the latest video from the Marxist Student Federation’s Myths of Marxism series, Stephen Agnew of the Sheffield Marxists examines whether capitalism – based on the market, competition, private ownership and production for profit – really is the most efficient economic system possible for society.
As Stephen emphasises, far from efficiently allocating society’s resources, capitalism wastes enormous human potential, forcing idleness upon millions by throwing them onto the scrapheap of unemployment.
