Anarchy of Production

Chaotic development of social production when economic laws operate spontaneously. Anarchy of Production is typical of commodity production based on private property in the means of production. Under capitalism, Anarchy of Production is universal and destructive, leads to major economic upheavals and is a direct cause of economic crises of overproduction. The principal contradiction of capitalism – between the social character of production and the private capitalist form of appropriation – is manifested above all as a contrast between the organization of production at individual enterprises and the Anarchy of Production within the capitalist economy.