Thank you for an accurate explanation of capitalism. If you’ll allow me to extend that explanation, capitalism is where the ownership class – who controls the capital and provides little, if any, other value – “skims” (in quotes, because we’re often not talking about just a negligent fraction) from returns that should go to the labor class for the value they add.
Thank you for an accurate explanation of capitalism. If you’ll allow me to extend that explanation, capitalism is where the ownership class – who controls the capital and provides little, if any, other value – “skims” (in quotes, because we’re often not talking about just a negligent fraction) from returns that should go to the labor class for the value they add.