georgephillip
Diamond Member
Capitalism stands democracy on its head by allowing a wealthy few to acquire vast private fortunes at public expense; socialism advances social use rather than private profits.
"Capitalism arises from relations of private-ownership that allow a wealthy minority to control all the resources, tools, and other things used by a working majority to create wealth.
"Creating the wealth of nations is a big ordeal and — since it takes the better part of nearly everyone’s days to do that — the relations people form to organize this endless group-project become a basis for social power.
"This structural power crystallizes into formal power through institutions, such as the political and legal systems, that turn back to reinforce and stabilize the pattern of social organization that created them in the first place."
Marx + MMT: Socialism Through a Self-Managed Federal Job Guarantee
Socialists believe society can be run by a majority of its people who produce the goods, services, and knowledge, and that majority is also fully capable of deciding how to democratically distribute the wealth of its production.
The dictatorship of capital, on the other hand, controls people's wages, benefits, promotions, careers, and how the collective workplace is organized in order to advance a few private fortunes.
In other words, the nuts and bolts of exploitation.

"Capitalism arises from relations of private-ownership that allow a wealthy minority to control all the resources, tools, and other things used by a working majority to create wealth.
"Creating the wealth of nations is a big ordeal and — since it takes the better part of nearly everyone’s days to do that — the relations people form to organize this endless group-project become a basis for social power.
"This structural power crystallizes into formal power through institutions, such as the political and legal systems, that turn back to reinforce and stabilize the pattern of social organization that created them in the first place."
Marx + MMT: Socialism Through a Self-Managed Federal Job Guarantee
Socialists believe society can be run by a majority of its people who produce the goods, services, and knowledge, and that majority is also fully capable of deciding how to democratically distribute the wealth of its production.
The dictatorship of capital, on the other hand, controls people's wages, benefits, promotions, careers, and how the collective workplace is organized in order to advance a few private fortunes.
In other words, the nuts and bolts of exploitation.