Abstract
Capitalism is a system of production and distribution driven by the ceaseless efforts by capitalists to accumulate capital, that is, to maximize both profits and the growth of capital. Accumulation, in turn, is made possible by the exploitation of wage laborers, persons without any direct access to society's productive property. Workers are forced to sell their ability to work but when they do, they are owed nothing by their employers except a wage. That is, the employers have no social obligation to the workers; their relationship to them is impersonal in the extreme. It follows that, in the abstract, employers do not care anything about the workers' "characteristics." To them, black workers are interchangeable with whites, men with women, one nation's workers with those of any other. Employers are, in a word, equal-opportunity exploiters. They will replace one worker with another, move their capital to take advantage of cheaper labor (whatever its characteristics), and pit one group of employees against another, whenever such actions will, in their view, make it easier for them to accumulate capital.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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