Download Crisis of Capitalism: Compendium of Applied Economics by Luciano Vasapollo PDF

By Luciano Vasapollo

This ebook is a compendium of a finished treatise of utilized economics released in Italian through Jaca Books in 2007. It features a variety of alterations and updates, and a brand new part at the contradictory relation of capital to nature, intrinsic to the elemental clash among capital and labour. The context for the research supplied of the dynamics of the capitalist improvement of the forces of construction is the worldwide economic system, or capitalism as an international procedure.

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The production process37 After the development of machinism (and the incorporation of the living work’s functions and of the machines’ knowledge, dead work), living work gets to be always more expropriated (subsumption) of his characteristics, specificity, particularity, quality. A consequence of such tendency is that living work is becoming more and more homogenized: for example, labour is often reduced to functions of control similar between them if not equal; think about the new workers called “cognitive,” who practice an “immaterial” rather than the manual activity, where the problem solving, data elaboration, etc.

It is not just an administrative-technical-economic task, but an ideological, technical, political and economic work. This is the synthesis between theory and practice! In the following pages, the economic arguments are examined from this standpoint. 16 introduction So, there are essentially two ways to grasp economic reality. The first considers only the reality that can be measured in goods and prices. ). This viewpoint, prevailing in the modern neoliberal paradigm, is based on the idea that people are programmed to act, according to rational and systematic self-interest.

It operates on productivity thanks to the introduction of new machines and more rational, effective, efficient and cooperative organizations of the working process, consequently setting “free” the exceeding workforce. The increase of productivity involves a higher quantity of output produced by a single working unit (maybe a smaller quantity of workers can be employed) and once generalized the increase of productivity also for the production of goods “inserted” in the survival/reproduction hamper of the workforce.

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