Beyond bailouts and state ownership: Rethinking economic alternatives to capitalism
By
Alex Sobel MP
Summary
This article examines the exploitative relationship between capitalists and workers as described in Marx's Wages and Capital, and explores alternatives to both private capitalist ownership and state ownership of the means of production. The author critiques the pattern of bailing out failing capitalist enterprises and suggests there may be alternative economic arrangements beyond the binary of private vs. state ownership.
Source
bskyBeyond bailouts and state ownership: Rethinking economic alternatives to capitalismshare.googleKey quotes
· 3 pulledWages are that part of already existing commodities with which the capitalist buys a certain amount of productive labour-power.
Labour-power is a commodity which its possessor, the wage-worker, sells to the capitalist.
Many of our comrades look for a solution to this exploitative relationship, and find that the state in the hands of the many should own the means of production, rather than capital.
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