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Comment by mbrock

Exactly, and there’s in particular the very special kind of rent extracted by the hiring of people to work for you without profit-sharing, and using your negotiation power as a capital owner to get people to agree to the terms of your employment contract stipulating your appropriation of the whole work product.

I’ve found the writings of David Ellerman to be very elucidating on this topic, and admirable for giving a deep critique of capitalism without any reliance on Marxism. He relies on a labor theory of property rather than a labor theory of value, and a Lockean liberal notion of inalienable rights. Two short texts that make a good introduction:

https://www.abolishhumanrentals.org/human-rentals/the-great-...

https://www.abolishhumanrentals.org/human-rentals/the-fundam...

parent mbrock 7 years ago

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