Home Know Your Enemy Capital – Volume 3

Capital – Volume 3

By Karl Marx

Originally published: 1867

Description

Unfinished at the time of Marx’s death in 1883 and first published with a preface by Frederick Engels in 1894, the third volume of Capital strives to combine the theories and concepts of the two previous volumes in order to prove conclusively (yet unsuccessfully) that capitalism is inherently unworkable as a permanent system for society.

Here, Marx controversially asserts that—regardless of the efforts of individual capitalists, public authorities or even generous philanthropists—any market economy is inevitably doomed to endure a series of worsening, explosive crises leading finally to complete collapse. But he also offers an inspirational and compelling prediction; that the end of capitalism will culminate in the birth of a far greater form of society.

Capital rapidly acquired readership among the leaders of socialist democratic parties, particularly in Russia in Germany, and ultimately throughout the world, to become a work described by Marx friend and collaborator Friedrich Engels as “the Bible of the working class.”

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