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Eric Wolf on Capitalism

1923–1999 Austria

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2 quotes

The development of industrial capitalism did not move in a smooth ascending line.

First, capitalists detain control of the means of production. Second, laborers are denied independent access to means of production and must sell their labor power to the capitalists. Third, the maximization of surplus produced by the laborers with the means of production owned by the capitalists entails "ceaseless accumulation accompanied by changes in the methods of production."

Attribution

Quotes and notes from Wikiquote: Eric Wolf (page history), available under CC BY-SA 4.0.