@pedestrians1st @prau @ReggieHere even those textbooks recognize its limitations with respect to public goods provision. While the textbooks might be written by pro-capitalists, the underlying economic theory doesn’t prescribe anything because economics is intended to be descriptive. Recognizing the usefulness of economic theory in certain contexts is perfectly compatible with #anticapitalism

#capitalism #economics

Escaping the petrodollar is virtually impossible as IMF loans come with conditions (and sanctions).

#capitalism #anticapitalism #petrodollar #imf

Radical de-linking.

The emancipation of the underdeveloped countries will not happen within this capitalist system. Instead, Amin puts forward radical delinking as a breakaway from global capitalism and from the dependence on the imperial center. This requires economic innovation in order to produce for own needs instead of for profit. In addition, there should be south-south cooperation (eg the brics countries). It also necessarily involves building a defence against the West.

#marxism #SamirAmin #capitalism #anticapitalism #RadicalDelinking

Samir Amin expanded on marxism and described class relations on a world scale. There is the center, who dictates the terms and conditions, and the periphery, which is underdeveloped, exploited and prevented sovereignty. The center extracts surplus value from the periphery.

🔹 Important: the proletariat in the center benefits from the periphery.

🔹 There is uneven development and uneven exchange.

🔹 There is a hidden transfer of value. The wages in the periphery are way lower than in the center which increases the surplus value. This transfer is "hidden" cause it's not easily measured.

#marxism #SamirAmin #capitalism #anticapitalism

So, there are unpaid wages, and that is the main source of their profit. What does that mean? It's theft. The entire capitalism is based on this, prioritising profit over human welfare. As a result, basic needs are commodified, such as education, healthcare and housing

#capitalism #capitalismo #capitalisme #kapitalismus #kapitalisme #капитализм #الرأسمالية #資本主義 #anticapitalism #capitalismkills #capitalismisbad #capitalismsucks #stopcapitalism #exploitation #inequality #economics #meme #memes

Capitalism is inherently exploitative, yes, because the capitalists accumulate wealth by paying workers less than the value their labour produces, a gap known as surplus value. Workers, who need wages to survive, are forced to create more value than they receive.

#capitalism #capitalismo #capitalisme #kapitalismus #kapitalisme #капитализм #الرأسمالية #資本主義 #anticapitalism #capitalismkills #capitalismisbad #endcapitalism #stopcapitalism #exploitation #inequality #economics #meme #memes