A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
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A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
Value, price, and inflation: Immediate and structural causes
Liberation Audio
28 minutes 8 seconds
2 years ago
Value, price, and inflation: Immediate and structural causes
Every working person is keenly aware that prices are up. Nasty surprises and disbelief keep turning up at the register. People are being forced to forgo even the most minor and seemingly harmless comfort purchases, adding to the accumulation of the indignities necessary for survival under capitalism.
Even worse, the alleged culprits can seem abstract and hard to pin down, like “the supply chain.” Some try to blame good things like higher wages, and others point to enraging levels of straight-up corporate greed. There is a debate raging about which factors cause inflation, with one other “cause” thrown in: government spending.
The various explanations serve more as ideological markers than as actual explanations. They all have the virtue of having some “solution” that Congress or the White House can or should pursue immediately.
Our indignation at the daily web of injustices we are forced to navigate reflects the contradiction between capitalism and humanity. Inflation reflects the dynamics of a system based on exploitation. Ultimately, there is no long-term solution to inflation or other ills of capitalism without replacing the system. Without such systematic change, all “immediate” solutions produce new cul-de-sacs for the working class.
Read the full article here: https://www.liberationschool.org/value-price-and-inflation-immediate-and-structural-causes/
Liberation Audio
A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
