this post was submitted on 30 Dec 2023
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Good post wanted to add that the nature of the economy as a whole is the over determining factor of the "mode of production" in Marxist terms. For instance the US pre war south was a capitalist mode of production. It was based on the usage of slave labor but functioned within a commodity economy - or "production for exchange" - which is an emergent characteristic of capitalism. Production for use is characteristic of feudalism, as noted in quarks post, where the surplus itself is produced and taken by the nobility.