• J Lou@mastodon.social
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    1 year ago

    Marx made mistakes though. For example, he assumed that the right of appropriating the whole product of a firm and control rights to direct the workers in the firm were attached to the ownership of capital. In reality, capital can be rented out just as labor can be hired. It is really the employer-employee contract that is at the core of capitalist appropriation. Ownership of capital just increases bargaining power to get favorable contract terms such as the employer contractual role