oter

Capitalism will collapse from "summary" of The Communist Manifesto and Other Writings by Karl Marx,Friedrich Engels

The capitalist system, by its very nature, contains the seeds of its own destruction. The relentless pursuit of profit drives capitalists to constantly seek ways to increase productivity and reduce costs. This inevitably leads to technological advancements and the replacement of human labor with machines. While this may initially increase profits for the capitalists, it also leads to a situation where the workers, who are also consumers, are unable to afford the products they themselves produce. As a result, there is a tendency for overproduction and underconsumption in capitalist economies. This leads to periodic economic crises, where goods pile up unsold and workers are laid off en masse. The capitalists, in their quest for profits, are driven to exploit workers even fur...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    oter

    The Communist Manifesto and Other Writings

    Karl Marx

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.