Capitalism’s Contradictions and Reasons of Its Collapse

Abstract

This chapter focuses on the economic contradictions of the capitalist system. Here are three main reasons for the collapse of the capitalist system, related to the problems of overproduction of goods, capital accumulation, and the constant decline in the capitalist rate of profit. At the same time, the assumptions of the emergence of socialism as a new social economic system that will have to replace capitalism are revealed. Here, the role of the state in socialism is assessed, as well as the political actions of the proletariat in creating a new socialist order. Attention is drawn to why, from the point of view of Marxists, the proletarian revolution cannot be national, but must be global in nature.