Podcast
Questions and Answers
What is the main characteristic of a capitalist economy?
What is the main characteristic of a capitalist economy?
- Monetary value assigned to goods, labor power, raw materials, and machinery (correct)
- Accumulation of capital when price equals cost
- Investment of labor power in production
- Equal distribution of wealth among all classes
According to Fordism, what is considered a new basis of social organization?
According to Fordism, what is considered a new basis of social organization?
- Barter system
- Clock time (correct)
- Communal ownership
- Natural resources
What does Economic Liberalism emphasize regarding economic activities?
What does Economic Liberalism emphasize regarding economic activities?
- Individual profit-seeking activities lead to societal welfare (correct)
- Mandatory compliance with fixed prices for all goods
- State intervention in all economic matters
- Complete ownership of all means of production by the state
In the Marxist Approach, what creates exploitation in a capitalist society?
In the Marxist Approach, what creates exploitation in a capitalist society?
What is the main focus of the Marxist Approach in analyzing capitalism?
What is the main focus of the Marxist Approach in analyzing capitalism?
What is one major consequence of the lack of property ownership under Capitalism?
What is one major consequence of the lack of property ownership under Capitalism?
What is false class consciousness?
What is false class consciousness?
What are the social change stages leading to Communism in the context of class struggle?
What are the social change stages leading to Communism in the context of class struggle?
What is a significant strength of analyzing structural contradictions in capitalism?
What is a significant strength of analyzing structural contradictions in capitalism?
What is the primary cause of a spiraling effect leading to wage reduction or unemployment among the working class?
What is the primary cause of a spiraling effect leading to wage reduction or unemployment among the working class?
Why does Marx criticize his own prediction not being actualized?
Why does Marx criticize his own prediction not being actualized?
