Stock ownership as system-wide exploitation?

A prior post made an effort to gain greater analytical clarity concerning the unfairness involved in the separation between the "one percent" economy and the rest of us. In what ways is the wealth owned by the super-billionaires an "unfair" extraction from the rest of US society? How can we account for the very rapid …

A new form of exploitation

Much thinking about economic justice for working people has been framed by the nineteenth-century concept of “capitalism”: owners of enterprises constitute a minority of the population; they hire workers who represent the majority of the population; wages and profits define the distribution of income throughout the whole population. This picture still works well enough for …

Thinking about social class

Marx's theory of social class is founded on the idea of conflict of interest defined by the property system.  Marx puts the point this way in the Communist Manifesto: “History is a history of class conflict.” And his inference from this fact: “Workers of the world, unite; you have nothing to lose but your chains” …

Is there a working class in the US?

There is certainly a working class in the United States, and it is a majority of the population (persons who earn their livelihood through wage-paying employment). But it is highly fragmented, mostly in the service sector, unorganized, and often disinclined to believe in the possibility of serious social change. A recent Brookings research report by …

English socialism

What were the social conditions that led many English intellectuals in the 1930s to engage in fundamental critique of the society in which they lived? Why was social criticism so profound and sustained in Britain from the time of Carlyle and Engels to the surge of English socialism in the 1930s? The answer, of course, …

Alternative social systems and individual wellbeing

Communism ... or Capitalism? A joke from Poland in the 1970s: "In capitalism it is a question of man's exploitation by man. In communism it is the reverse." A modern social system is an environment where millions of people find opportunities, develop their talents, express their beliefs, and earn their livings within the context of …

Did Marx invent “class conflict”?

Marx offered several theories of the modern world that he observed around him in mid-nineteenth-century Britain that have influenced much of turmoil that ensued in the following century and a half -- theories about the "capitalist mode of production," about the role that class conflict plays in historical change, about the determinants of the actions …

Responsible innovation and the philosophy of technology

Several posts here have focused on the philosophy of technology (link, link, link, link). A simple definition of the philosophy of technology might go along these lines: Technology may be defined broadly as the sum of a set of tools, machines, and practical skills available at a given time in a given culture through which human needs and …

Worker-owned enterprises as a social solution

Consider some of the most intractable problems we face in contemporary society: rising inequalities between rich and poor, rapid degradation of the environment, loss of control of their lives by the majority of citizens. It might be observed that these problems are the result of a classic conundrum that Marx identified 150 years ago: the …

Jobs, basic income, and the future of the techno-market economy

In the dystopian vision of the future described in William Gibson's Sprawl novels, there are few people with normal jobs, regular sources of income, retirement plans, and health insurance. Instead, there are hackers, freelance security guards, software traffickers, criminals at many levels, and a few distant corporations with scientists and managers. It is a grim …