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Reply #9: Nope. This is capitalism. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
readmoreoften Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-26-10 06:30 PM
Response to Reply #7
9. Nope. This is capitalism.
Capitalism means things operate according to the "morally neutral" flow of capital, which comes from wealth extracted from the difference between the cost of an item and the pay of the workers involved in creating the components of said item. Marx and Smith AGREED on this. Smith said that it was in the worker's interest to create profit for the owning class as it contributed to the overall wealth of the nation. Marx called bullshit on this. He saw a new class of exploiters gaining power over the old class of exploiters. He predicted that American "democracy" would be impossible, because eventually the nation would turn into a plutonomy with the wealthy exploiters owning the government. Sounds about right to me.


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