georgephillip
Diamond Member
RD Wolff is the best known Marxist economist in the US today, and he says capitalism does not serve freedom to the extent its apologists would like you to believe:
Poverty Has Always Accompanied Capitalism
"Capitalism usually overthrew its predecessor system (often feudalism, sometimes slavery or still others) violently and accompanied by slogans of 'freedom' as in the French revolution's 'liberte, egalite, fraternite' or Lincoln's 'Emancipation Proclamation.'
"Capitalism represented itself as freeing serfs, slaves, etc.
"Freedom became capitalism's self-celebration which it largely remains.
"Yet the reality of capitalism is different from its celebratory self-image.
"The mass of employees are not free inside capitalist enterprises to participate in the decisions that affect their lives (e.g., what the enterprise will produce, what technology it will use, where production will occur, and what will be done with the profit workers' efforts help to produce).
"In their exclusion from such decisions, modern capitalism's employees resemble slaves and serfs.
"Yes, parliaments, universal suffrage, etc. have accompanied capitalism - an advance over serfdom and slavery.
"Yet even that advance has been largely undermined by the influence of the highly unequally distributed wealth and income that capitalism has everywhere generated."
Poverty Has Always Accompanied Capitalism
"Capitalism usually overthrew its predecessor system (often feudalism, sometimes slavery or still others) violently and accompanied by slogans of 'freedom' as in the French revolution's 'liberte, egalite, fraternite' or Lincoln's 'Emancipation Proclamation.'
"Capitalism represented itself as freeing serfs, slaves, etc.
"Freedom became capitalism's self-celebration which it largely remains.
"Yet the reality of capitalism is different from its celebratory self-image.
"The mass of employees are not free inside capitalist enterprises to participate in the decisions that affect their lives (e.g., what the enterprise will produce, what technology it will use, where production will occur, and what will be done with the profit workers' efforts help to produce).
"In their exclusion from such decisions, modern capitalism's employees resemble slaves and serfs.
"Yes, parliaments, universal suffrage, etc. have accompanied capitalism - an advance over serfdom and slavery.
"Yet even that advance has been largely undermined by the influence of the highly unequally distributed wealth and income that capitalism has everywhere generated."