Abstract
Abstract According to the prevailing opinion, capitalism is a market economy governed by immutable laws and inequality is the result of competition between free and equal individuals on that market. This paper argues that capitalism, as developed in Western Europe in modern times, has more in common with organized crime than with a system of natural laws. It is rooted in the sale of church and common lands, the privatization of finance (especially public debt) and colonialism. However, its purpose is not the accumulation of wealth. It is merely a particular way of sustaining domination by a small group of people over the rest of the population. Domination in capitalism differs from earlier forms of domination in two ways: it is reproduced via the accumulation of wealth and it is not visible as such. Neither the purpose (domination) nor the functioning (systematic appropriation) is visible on the surface. Even Marx was led to believe that the economy is governed by laws which can be studied scientifically. The paper will argue against this belief by tracing the structures of domination to the reproduction of social inequality in capitalist societies.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.