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"Don't worry guys, the Vanguard(tm) will totally let us skip the whole 'bourgeois democracy' phase of things and definitely not devolve into a fascist state capitalist regime" (lemmy.world)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 4 months ago

David Ellerman's modernization of the classical laborists' argument against capitalism is significantly more powerful than modern Marxism.

Marx's claim that private property is the root of capitalist appropriation has been disproven in modern theories of capitalism's property rights structure. Private property plays a role in giving bargain power to get favorable terms, but the ultimate legal basis of capitalist appropriation is the employer-employee contract

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