jlou

jlou, 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

jlou, 1 year ago

Marx thought that control rights over the firm were attached to ownership of capital rather than being logically separately acquired in the employer-employee relationship.

"It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist. The leadership of industry is an attribute of capital, just as in feudal times the functions of general and judge were attributes of landed property." -- Marx

jlou, 1 year ago

The latter problem could be solved by banning having non-member workers at the legal level and requiring giving workers voting rights in the firm they work in.

Worker coops don't behave exactly like for-profit companies. Anti-capitalism is more than just worker democracy. For example, another aspect is common ownership of land and natural resources with fees for use. This would ensure that worker coops factor in environmental costs

jlou, 1 year ago

The employers' claim extend beyond a cut. They solely appropriate 100% of the whole positive and negative product of the firm while employees as employees have 0% claim on the whole product