John Molyneux - The Contradictions of Capitalism

First there is the contradiction between the forces of production and the relations of production. Capitalism has developed the forces of production to a degree inconceivable under any previous economic system but because they are based on alienated labour the more they develop the more they turn into forces of destruction, either in the form of weapons of unimaginable power or through the destruction of the environment on which our survival depends.

As capitalism drives the productive forces forward, so the need becomes ever more urgent for the social ownership and democratic planning of the economy – one thing capitalism, by its nature, cannot deliver. FULL STORY