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Marx’s Capital, Volume 1, Chapter 32: A Critical Summary

Chapter 32 of volume 1 of Capital is called the “Historical Tendency of Capitalist Accumulation” and is essentially Marx’s conclusion to Capital, since Chapter 33 is more of an appendix and addendum to the volume (Brewer 1984: 83).Chapter 32 is therefore Marx’s summing up of his vision of the past and future of capitalism, and contains a famous – and discredited – doomsday prediction of the collapse of capitalism.The tendency of “primitive accumulation of capital” which Marx has described in...

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