Capitalism has created its own irrationalities such as a vicious white racism, the tremendous waste associated with advertising, and the irrationality of incredible poverty int he midst of wealth and wastage even inside the biggest capitalist economies, such as that of the U.S.A. Above all, capitalism has intensified its own political contradictions in trying to subjugate nations and continents outside of Europe, so that workers and peasants in every part of the globe have become self-conscious and are determined to take their destiny into their own hands. Such a determination is also an integral part of the process of development.It can be offered as a generalization that all phases of development are temporary or transient and are destined sooner or later to give way to something else. It is particularly important to stress this with reference to capitalism because the capitalist epoch is not quite over and those who live at a particular point in time often fail to see that their way of life is in the process of transformation and elimination. Indeed, it is one of the functions of those who justify capitalism (bourgeois writers) to try and pretend that capitalism is here to stay. A glance at the remarkable advance of Socialism over the last fifty-odd years will show that the apologists for capitalism are spokesmen of a social system that is rapidly expiring.The fact that capitalism today is still around alongside of socialism should warn us that the modes of production cannot simply be viewed as a question of successive stages. Uneven development has always ensured that societies have come into contact when they were at different levels – for example, one that was communal and one that was capitalist (Source: How Europe Underdeveloped Africa).
Capitalism the Lust for Making Maximum Profit Out of Production
