Re: understanding Ed

John_R_Groves@ferris.edu wrote:

>His post also
>showed how deeply capitalism (a term I find almost useless in the 
>post-communist
>era) or rather more precisely, markets

Ah yes, markets. That utopian realm of liberty, equality, and 
Bentham! Forget production, just focus on exchange, where it all 
appears voluntary and satisfying.

If the word "capitalism" is useless, what do you call a system under 
which a few people with lots of money hire those with none, paying 
them as little as they can, and appropriating the fruits of their 
labor in the form of monetary profit? Is it only because you can't 
imagine a non-capitalist Other that the word has lost its meaning?


Doug Henwood
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