[lbo-talk] Understanding _Capital_ (Was Re: barbaric)

Charles Brown cbrown at michiganlegal.org
Sat Mar 10 06:09:09 PST 2007


Dmytri Kleiner

Whereas Capitalism is the practice of raising the price of Capital by withholding it from labour, so therefore free exchange is incompatible with Capitalism.

Whereas Socialism is defined as an economic system where the workers own the means of production, and whereas free exchange delivers Capital and commodities at cost to labour, so therefore markets are compatible with Socialism.

^^^^^ CB: Shouldn't "markets" be in quotation marks ?



More information about the lbo-talk mailing list