Abstract
On historical-materialist principles, the transition to socialism presupposes two main developments: (a) the accumulation of a set of material preconditions. To quote the Preface to the Contribution to the Critique of Political Economy ‘new, higher relations of production never appear before the material conditions of their existence have matured in the womb of the old society itself’. (b) The emergence of a social force, a social class who, in the achievement of this social transformation, perceive the way of asserting their interests. Consequently they adopt the aim of socialism as their long-term, historic mission. Needless to say, Marx identified this social force as the working class. Material preconditions constitute the topic of the present chapter, while the role of the working class is left for Chapter 10.
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Further reading
Baran, P. A. and Sweezy, P. M., Monopoly of Capital (Penguin, Harmondsworth, 1966).
Fine, B. and Harris, L., Rereading Capital (Macmillan, London, 1979) chapters 7, 8 and 9.
Galbraith, J. K., The New Industrial State, revised edn (André Deutsch, London, 1972).
Green, F., ‘Occupational Pension Schemes and British Capitalism’ in Cambridge Journal of Economics, 6 (Academic Press, London, 1982) pp. 267–84.
Keynes, J. M., The General Theory of Employment, Interest and Money (Macmillan, London, 1961).
Minns, Richard, Pension Funds and British Capitalism (Heinemann, London, 1980).
Schumpeter, J. A., The Theory of Capitalist Development (Oxford University Press, Oxford, 1961).
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© 1989 George Catephores
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Catephores, G. (1989). The rise of collective capitalism. In: An Introduction to Marxist Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-19707-1_9
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DOI: https://doi.org/10.1007/978-1-349-19707-1_9
Publisher Name: Palgrave, London
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