Marxism as the Ultimate ‘Capitalist Tool’

David Ellerman ()
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David Ellerman: University of Ljubljana

Chapter Chapter 6 in Putting Jurisprudence Back Into Economics, 2021, pp 119-129 from Springer

Abstract: Abstract The system of (involuntarily or voluntarily) owning workers was abolished in the mid-nineteenth century, but it was replaced by the system of voluntarily renting, hiring, or employing workers. That system of renting human beings lasted far beyond its institutional ‘shelf-life’ in the twentieth century due to the perception that ‘The Alternative’ was the Marx-inspired system of socialism or communism based on state employment. In that sense, Marxian socialism was the silent helper to the (private) human rental system, the ultimate capitalist tool. This chapter goes over the intellectual and other deficits of Marxism (e.g., the labor theory of value) and gives at least six ‘huge favors’ that Marxism did for the human rental system.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76096-0_6

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DOI: 10.1007/978-3-030-76096-0_6

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