The Eminent Collapse of Capitalism

Capitalism will inevitable faces its own downfall even if it has developed #its highest form. Its own expansion# or development will bring three effects: the growing anarchy of capitalism (creates further antagonism within the system), the socialisation of process of production (which lay down the foundation for a socialist state) and the increasing organisation and class consciousness of proletariat#.

There is little the ruling class in the capitalist society could do much to prevent its own destruction. They could not even impose proper regulation on the market to prevent crises and often fail to act upon crises (The Great Depression, 1997 Asian financial crisis and 2007 financial crisis).

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  • Participation in Liberal Democracy

    Socialists are encouraged to participate in a liberal democracy under capitalist state#. This is to guide and educate the proletariat in preparation of taking over the state power. However, it is not saying that winning the majority in the parliament would result in transforming the capitalist state into a socialist state. The purpose of organising the working class is not to attenuate the contradiction of capitalism that will bring to its inevitable collapse#, but to realise that such social reform will not bring the fundamental change to the current way of living.

  • On State

    Within the capitalist state, the antagonism between the capitalist development and capitalist interests grow when capitalist means of production has developed to a certain stage. As the state is increasingly intervened in societal matters, thus bring the increasing fusion of the state and the society, its function as the tool of the ruling class prevent such complete fusion. This could be seen the introduction of the #tariff barriers and militarism. The capitalist state has set up the #preconditions for the working class to take over it are that they have imposed universal literacy, trained disciplined workers from large, complex and highly socialised apparatuses, and advanced the 202205211156# in such that it is easy to operate. Only revolution, or the working class rises up to be the ruling class with the complete destruction of the state apparatus, could then truly come up with a #political system that can represent every member in the society.

  • Imperialism

    Lenin stated that Imperialism, the highest stage of capitalism# has several features:

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