this post was submitted on 02 Aug 2024
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David Ellerman's modernization of the classical laborists' argument against capitalism is significantly more powerful than modern Marxism.
Marx's claim that private property is the root of capitalist appropriation has been disproven in modern theories of capitalism's property rights structure. Private property plays a role in giving bargain power to get favorable terms, but the ultimate legal basis of capitalist appropriation is the employer-employee contract
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