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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
"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.â€
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.â€
MG: The United Fruit Company is the classic example of a system that controls all means of production so you can maximize efficiency and profit and get a product around the world.
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