Explain the fundamental contradiction in capitalism

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In the excerpt from Anti-Dühring entitled "Theoretical" Engels takes an historical materialist approach. He indicates that the capitalist mode of production is fundamentally contradictory and from this he traces a series of social and economic conflicts that follow inevitably from this basic contradiction.

In your essay, following an introduction that makes clear what will be done in the paper:

1. Establish what Engels means by historical materialism.

2. Explain the fundamental contradiction in capitalism.

3. Explain these two contradictions that arise from the fundamental contradiction:

a) The contradiction "between the organisation of production in the individual factory and the anarchy of production in society as a whole" (Engels, p. 299).

b) "The mode of production rebels against the mode of exchange; the productive forces rebel against the mode of production, which they have outgrown " (Engels, p. 302).

4. Conclude by briefly explaining what Engels envisions as the ultimate outcome of the historical development of capitalism.

Reference no: EM132171318

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