Disorganized Capitalism

Organized capitalism originates in Marxist political sociology. Capitalism as an organizing social principle refers to the role market forces play in our contemporary world. Market forces favor the concentration of the modes of production in the hands of a minority, may work against government control, and become the underlying cause of social inequalities. With the revolutionization of production to achieve savings in labor time comes a restructuring of human relations across time and space and the rise of a working class that is destined to overturn the status quo and dissolve class boundaries. Marxist theory found various implementations in centrally planned economies of communist and socialist countries that worked against capitalist principles to restrict, if not abolish, private ownership and lay the foundations of a ...