In Marxist theory, anarchy of production is a characteristic feature of all commodity production based on private property, which is the primary mode of production in the capitalist market economy.
This article's use of external links may not follow Wikipedia's policies or guidelines. (March 2019) |
This article needs additional citations for verification. (March 2019) |
The term is often used as a criticism of market economies, emphasizing their chaotic and volatile nature in contrast to the stable nature of planned economies, as proposed by Marxists.
The results of the unplanned "anarchy" of the capitalist market system can be seen in the crisis of overproduction, and underconsumption. One such example, according to the Socialist Party of Great Britain, was the 2008 financial crisis.
This article uses material from the Wikipedia English article Anarchy of production, which is released under the Creative Commons Attribution-ShareAlike 3.0 license ("CC BY-SA 3.0"); additional terms may apply (view authors). Content is available under CC BY-SA 4.0 unless otherwise noted. Images, videos and audio are available under their respective licenses.
®Wikipedia is a registered trademark of the Wiki Foundation, Inc. Wiki English (DUHOCTRUNGQUOC.VN) is an independent company and has no affiliation with Wiki Foundation.