Karl Marx, born on this day in 1818, was a foundational political theorist and journalist associated with the philosophy of Marxism.
Among Marx’s best-known texts are the “The Communist Manifesto” and the three-volume “Das Kapital”, in which he set out to define and explain the behavior of the capitalist mode of production.
Marx’s political and philosophical thought have had enormous influence on subsequent intellectual, economic and political history, and his name has been used as an adjective, a noun, and a school of social theory.
Marx’s critical theories about society, economics and politics - collectively understood as Marxism - hold that human societies develop through class conflict. In capitalism, this manifests itself in the conflict between the ruling classes (known as the bourgeoisie) that control the means of production, and the working classes (known as the proletariat) that enable these means by selling their labor power in return for wages.
Employing a critical approach known as historical materialism, Marx concluded that, like previous socio-economic systems, capitalism produced internal tensions which would lead to its self-destruction and replacement by a new system known as socialism.
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Talked with my mom about housing. She’s coming around that the private market can’t deliver, we talked about how there’s already incentives in Canada up to $1 million for building housing (think like a 3 story walk up, would more or less cover it) but 25% of built units need to be at or below market rate. We talked about how CMHC has mostly faffed about with mortgage rates or down payment percentages or amortization periods for 30+ years and have been totally unable to deal with housing. We even talked a little about how the skilled labour “shortage” just ain’t a thing - there was a time I was looking for an apprenticeship and no one would hire me, no one wanted a first year apprentice (they were happy with a 3rd or journeyman), one time I walked in to a boiler maker union apprenticeship with 100 people and not one of us made it to apprenticeship. They have grants for training AND wage subsidies (something ridiculous like covering 2/3rds of wage) but employers still don’t want to train cause people can leave or they risk hiring someone who doesn’t work out for one reason or another (doesn’t have the head for it, wrong temperament, etc).
I feel like finally we can agree that the private market just can’t deliver on at least ONE thing. It does make profits! But doesn’t service needs.