Question

why did markists felt capitalism was a reason for economic depression​

Answer 1

ᴄʀɪꜱɪꜱ ᴛʜᴇᴏʀʏ, ᴄᴏɴᴄᴇʀɴɪɴɢ ᴛʜᴇ ᴄᴀᴜꜱᴇꜱ[1] ᴀɴᴅ ᴄᴏɴꜱᴇQᴜᴇɴᴄᴇꜱ ᴏꜰ ᴛʜᴇ ᴛᴇɴᴅᴇɴᴄʏ ꜰᴏʀ ᴛʜᴇ ʀᴀᴛᴇ ᴏꜰ ᴘʀᴏꜰɪᴛ ᴛᴏ ꜰᴀʟʟ ɪɴ ᴀ ᴄᴀᴘɪᴛᴀʟɪꜱᴛ ꜱʏꜱᴛᴇᴍ, ɪꜱ ɴᴏᴡ ɢᴇɴᴇʀᴀʟʟʏ ᴀꜱꜱᴏᴄɪᴀᴛᴇᴅ ᴡɪᴛʜ ᴍᴀʀxɪꜱᴛ ᴇᴄᴏɴᴏᴍɪᴄꜱ.

ᴇᴀʀʟɪᴇʀ ᴀɴᴀʟʏꜱɪꜱ ʙʏ ᴊᴇᴀɴ ᴄʜᴀʀʟᴇꜱ ʟéᴏɴᴀʀᴅ ᴅᴇ ꜱɪꜱᴍᴏɴᴅɪ ᴘʀᴏᴠɪᴅᴇᴅ ᴛʜᴇ ꜰɪʀꜱᴛ ꜱᴜɢɢᴇꜱᴛɪᴏɴꜱ ᴏꜰ ᴛʜᴇ ꜱʏꜱᴛᴇᴍɪᴄ ʀᴏᴏᴛꜱ ᴏꜰ ᴄʀɪꜱɪꜱ.[2][3][4] "ᴛʜᴇ ᴅɪꜱᴛɪɴᴄᴛɪᴠᴇ ꜰᴇᴀᴛᴜʀᴇ ᴏꜰ ꜱɪꜱᴍᴏɴᴅɪ'ꜱ ᴀɴᴀʟʏꜱɪꜱ ɪꜱ ᴛʜᴀᴛ ɪᴛ ɪꜱ ɢᴇᴀʀᴇᴅ ᴛᴏ ᴀɴ ᴇxᴘʟɪᴄɪᴛ ᴅʏɴᴀᴍɪᴄ ᴍᴏᴅᴇʟ ɪɴ ᴛʜᴇ ᴍᴏᴅᴇʀɴ ꜱᴇɴꜱᴇ ᴏꜰ ᴛʜɪꜱ ᴘʜʀᴀꜱᴇ ... ꜱɪꜱᴍᴏɴᴅɪ'ꜱ ɢʀᴇᴀᴛ ᴍᴇʀɪᴛ ɪꜱ ᴛʜᴀᴛ ʜᴇ ᴜꜱᴇᴅ, ꜱʏꜱᴛᴇᴍᴀᴛɪᴄᴀʟʟʏ ᴀɴᴅ ᴇxᴘʟɪᴄɪᴛʟʏ, ᴀ ꜱᴄʜᴇᴍᴀ ᴏꜰ ᴘᴇʀɪᴏᴅꜱ, ᴛʜᴀᴛ ɪꜱ, ᴛʜᴀᴛ ʜᴇ ᴡᴀꜱ ᴛʜᴇ ꜰɪʀꜱᴛ ᴛᴏ ᴘʀᴀᴄᴛɪᴄᴇ ᴛʜᴇ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ᴍᴇᴛʜᴏᴅ ᴏꜰ ᴅʏɴᴀᴍɪᴄꜱ ᴛʜᴀᴛ ɪꜱ ᴄᴀʟʟᴇᴅ ᴘᴇʀɪᴏᴅ ᴀɴᴀʟʏꜱɪꜱ".[5] ᴍᴀʀx ᴘʀᴀɪꜱᴇᴅ ᴀɴᴅ ʙᴜɪʟᴛ ᴏɴ ꜱɪꜱᴍᴏɴᴅɪ'ꜱ ᴛʜᴇᴏʀᴇᴛɪᴄᴀʟ ɪɴꜱɪɢʜᴛꜱ.[6]

ʀᴏꜱᴀ ʟᴜxᴇᴍʙᴜʀɢ ᴀɴᴅ ʜᴇɴʀʏᴋ ɢʀᴏꜱꜱᴍᴀɴ ʙᴏᴛʜ ꜱᴜʙꜱᴇQᴜᴇɴᴛʟʏ ᴅʀᴇᴡ ᴀᴛᴛᴇɴᴛɪᴏɴ ᴛᴏ ʙᴏᴛʜ ꜱɪꜱᴍᴏɴᴅɪ'ꜱ ᴡᴏʀᴋ ᴏɴ ᴛʜᴇ ɴᴀᴛᴜʀᴇ ᴏꜰ ᴄᴀᴘɪᴛᴀʟɪꜱᴍ, ᴀɴᴅ ᴀꜱ ᴀ ʀᴇꜰᴇʀᴇɴᴄᴇ ᴘᴏɪɴᴛ ꜰᴏʀ ᴋᴀʀʟ ᴍᴀʀx. ɢʀᴏꜱꜱᴍᴀɴ ɪɴ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ᴘᴏɪɴᴛᴇᴅ ᴏᴜᴛ ʜᴏᴡ ꜱɪꜱᴍᴏɴᴅɪ ʜᴀᴅ ᴄᴏɴᴛʀɪʙᴜᴛᴇᴅ ᴛᴏ ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏꜰ ᴀ ꜱᴇʀɪᴇꜱ ᴏꜰ ᴍᴀʀx'ꜱ ᴄᴏɴᴄᴇᴘᴛꜱ ɪɴᴄʟᴜᴅɪɴɢ ᴄʀɪꜱᴇꜱ ᴀꜱ ᴀ ɴᴇᴄᴇꜱꜱᴀʀʏ ꜰᴇᴀᴛᴜʀᴇ ᴏꜰ ᴄᴀᴘɪᴛᴀʟɪꜱᴍ, ᴀʀɪꜱɪɴɢ ꜰʀᴏᴍ ɪᴛꜱ ᴄᴏɴᴛʀᴀᴅɪᴄᴛɪᴏɴꜱ ʙᴇᴛᴡᴇᴇɴ ꜰᴏʀᴄᴇꜱ ᴀɴᴅ ʀᴇʟᴀᴛɪᴏɴꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ, ᴜꜱᴇ ᴀɴᴅ ᴇxᴄʜᴀɴɢᴇ ᴠᴀʟᴜᴇ, ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴄᴏɴꜱᴜᴍᴘᴛɪᴏɴ, ᴄᴀᴘɪᴛᴀʟ ᴀɴᴅ ᴡᴀɢᴇ ʟᴀʙᴏʀ. ʜɪꜱ "ɪɴᴋʟɪɴɢ ... ᴛʜᴀᴛ ᴛʜᴇ ʙᴏᴜʀɢᴇᴏɪꜱ ꜰᴏʀᴍꜱ ᴀʀᴇ ᴏɴʟʏ ᴛʀᴀɴꜱɪᴛᴏʀʏ" ᴡᴀꜱ ᴀʟꜱᴏ ᴅɪꜱᴛɪɴᴄᴛɪᴠᴇ.[7][8]

ᴊᴏʜɴ ꜱᴛᴜᴀʀᴛ ᴍɪʟʟ ɪɴ ʜɪꜱ ᴏꜰ ᴛʜᴇ ᴛᴇɴᴅᴇɴᴄʏ ᴏꜰ ᴘʀᴏꜰɪᴛꜱ ᴛᴏ ᴀ ᴍɪɴɪᴍᴜᴍ ᴡʜɪᴄʜ ꜰᴏʀᴍꜱ ᴄʜᴀᴘᴛᴇʀ ɪɪɪ ᴏꜰ ʙᴏᴏᴋ ɪᴠ ᴏꜰ ʜɪꜱ ᴘʀɪɴᴄɪᴘʟᴇꜱ ᴏꜰ ᴘᴏʟɪᴛɪᴄᴀʟ ᴇᴄᴏɴᴏᴍʏ ᴀɴᴅ ᴄʜᴀᴘᴛᴇʀ ᴠ, ᴄᴏɴꜱᴇQᴜᴇɴᴄᴇꜱ ᴏꜰ ᴛʜᴇ ᴛᴇɴᴅᴇɴᴄʏ ᴏꜰ ᴘʀᴏꜰɪᴛꜱ ᴛᴏ ᴀ ᴍɪɴɪᴍᴜᴍ, ᴘʀᴏᴠɪᴅᴇꜱ ᴀ ᴄᴏɴꜱᴘᴇᴄᴛᴜꜱ ᴏꜰ ᴛʜᴇ ᴛʜᴇɴ ᴀᴄᴄᴇᴘᴛᴇᴅ ᴜɴᴅᴇʀꜱᴛᴀɴᴅɪɴɢ ᴏꜰ ᴀ ɴᴜᴍʙᴇʀ ᴏꜰ ᴛʜᴇ ᴋᴇʏ ᴇʟᴇᴍᴇɴᴛꜱ, ᴀꜰᴛᴇʀ ᴅᴀᴠɪᴅ ʀɪᴄᴀʀᴅᴏ, ʙᴜᴛ ᴡɪᴛʜᴏᴜᴛ ᴋᴀʀʟ ᴍᴀʀx'ꜱ ᴛʜᴇᴏʀᴇᴛɪᴄᴀʟ ᴡᴏʀᴋɪɴɢ ᴏᴜᴛ ᴏꜰ ᴛʜᴇ ᴛʜᴇᴏʀʏ[9] ᴛʜᴀᴛ ꜰʀᴇᴅᴇʀɪᴄᴋ ᴇɴɢᴇʟꜱ ᴘᴏꜱᴛʜᴜᴍᴏᴜꜱʟʏ ᴘᴜʙʟɪꜱʜᴇᴅ ɪɴ ᴄᴀᴘɪᴛᴀʟ, ᴠᴏʟᴜᴍᴇ ɪɪɪ.

Answer 2

Answer:

Marx observed and theorised economic crisis as necessarily developing out of the contradictions arising from the dynamics of capitalist production relations. ... For Marx the overproduction of capital is only relative to the social productivity of labour and the existing exploitation conditions.