Believe it or not: Karl Marx is making a comeback

[hedda_foil]

3. "capitalism is based on a collective drawing upon our deepest desire: to exploit."

With the exception of libertarians, who have tried to turn the immorality of capitalism into a sort of perverse morality (“greed is good”), most politicians and economists are entirely unconcerned with the fact that capitalism is based on a collective drawing upon our deepest desire: to exploit.

The underlying logic of capitalism is that if we all take our most primordial impulses and mix them up in the magical mechanism called “markets,” we are left with progress. Recent history suggests we may be left with only more ugliness. As G. A. Cohen writes, “the immediate motive to productive activity in a market society is (not always but) typically some mixture of greed and fear.” The participants in market transactions are not interested in fulfilling human needs — they are interested in making a profit. Fulfilling human needs is one way to make a profit — exploitation, the creation of desire through advertising or downright fraud are others. Human progress is an ancillary consideration, individual profit is the goal. Today, speaking in moral terms is not incredibly popular — inequality is seen not as a moral issue in which a small class has a dangerous amount of power, but instead as an inefficiency to be corrected with a technocratic policy.