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In Marxist theory, anarchy of production is a characteristic feature of all commodity production based on private property, which is the primary mode of production in the capitalist market economy.[1] The term is often used as a criticism of market economies, emphasizing their chaotic and volatile nature in contrast to the stable nature of planned economies, as proposed by Marxists.
Examples
editThe results of the unplanned "anarchy" of the capitalist market system can be seen in the crisis of overproduction, and underconsumption. One such example, according to the Socialist Party of Great Britain, was the 2008 financial crisis.[2]
See also
editReferences
edit- ^ "Anarchy of Production". TheFreeDictionary.com. Retrieved 2019-01-07.
- ^ "Socialist Studies - Capitalism In Crisis - The Anarchy of Capitalist Production". www.socialiststudies.org.uk. Retrieved 2019-01-08.
External links
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