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Unformatted text preview: achieves greater freedom, a new stage develops, usually by revolution. At first, with numerous small, competing firms, capitalism is revolutionary and dynamic, and unprecedentedly productive. The worker , the creator of value, receives in wages only a fraction of the value his labor creates; the capitalist pockets the rest (surplus value) as profit. The industrial workforce will absorb much of the peasantry and lesser bourgeoisie until the proletariat becomes the vast majority of the population. As overproduction and unemployment grow, so will worker dissatisfaction and class consciousness. Fully developed capitalism will produce mountains of goods, which miserably paid workers cannot buy. Revolutions, predicted Marx, would occur first in advanced capitalist countries....
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- Fall '09