Austerity Is an Antidemocratic Strategy to Boost Capital
One of Karl Marx’s most penetrating insights was that a network of mechanisms embedded in the logic of capitalism not only fuel the system’s transformative dynamism but also undermine its cohesion. These internal contradictions operate across every dimension of the socioeconomic landscape, including its ideological characteristics and political institutions. In their relentless pursuit of profits, capitalist enterprises constantly strive to reduce their labor costs through wage suppression and m...
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