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Vonu's avatar

You read Marx for your understanding of capitalism?

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Chang Chokaski's avatar

Do you know much about the work of Marx and Engels? He wrote little about Socialism, and even less about Communism.

His main work was about Capitalism - understanding it, studying it, explaining its flaws and failings, and predicting where Capitalism eventually leads.

If you want to TRULY understand Capitalism, STUDY the 3 volumes of Das Kapital (and not hacks like Ludwig Von Misses, Milton Friedman, etc.). Adam Smith also did good work on Capitalism - and Marx truly respected Adam Smith.

(1) Das Kapital Volume 1: Talks about the Capitalist mode of Production (and how production differs under different systems)

(2) Das Kapital Volume 2: Talks about how money "circulates" in the system of Capitalism (including the process of accumulation of capital)

(3) Das Kapital Volume 3: Talks/Analyzes the complete system of Capitalism - all aspects of it - putting all the different parts of the system together to explain how Capitalism ALWAYS leads to cycles of Booms and Busts - it is an intrinsic characteristic of Capitalism. It talks about the failures/weaknesses/faults in the system of Capitalism and how it leads to problems in the world.

So, YES - if you want to REALLY understand Capitalism, read Marx and Engels (everything else is secondary).

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