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means of production
plural noun
- (in Marxist theory) the raw materials and means of labour (tools, machines, etc) employed in the production process
Example Sentences
Galbraith and Herbert Simon who were writing about the world of industry as if we were in a new period where “capitalism versus socialism” was no longer particularly relevant, because the modern industrial world was controlled by a techno-structure, and the people who were now interesting to look at were not the capital owners, the bourgeoisie and the investors, they were the managers, soldiers and civil servants who were the people who actually controlled the means of production in the world.
"So I think what this administration is saying is we want both. We want the means of production and we want the research and development intellectual property generation."
U.S. interests “are directly tied to the fate of Russian democracy but not to the choices that democracy may make about the distribution of its own wealth” or “the organization of its means of production and finance.”
If this sophisticated critique of the corrupting power of capitalism goes over the heads of some of the New Victory’s littler attendees, they may yet intuit that seizing the means of production is even better with a few back handsprings.
Eisenberg-Guyot coauthored a chapter on capitalism’s mental health impacts in the 2022 Oxford Textbook of Social Psychiatry, defining capitalism as “a socioeconomic system characterized by the private ownership of the means of production and the exploitation and domination of wage labor for profit.”
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