by David J. Lobina

And by ‘them’, I mean, of course, the rich!
I think it is fair to say that such a rallying cry has always resonated with certain people, and perhaps even more so now in the US, with a forthcoming Trump 2 administration seemingly to be filled with billionaires. And I’m sure there is a perfectly reasonable argument in favour of stripping rich people of most of their wealth and assets in one way or another, Marxist or otherwise. A Marxist argument, you say? Is there such a thing?[i]
One such argument would have to say something about the distribution of income in society, either under some form of socialism – to all according to their work – or under some form of communism – to all according to their needs – as Marx argued in the Critique of the Gotha Programme (roughly, of course…); but, in any case, there would be little justification for anyone to be very rich under either society.[ii]
A more interesting argument, which I borrow from one Robert Paul Wolff (link below), has it that in modern capitalism there is a divorce between the legal ownership of large corporations and the de facto day-to-day running of the business. That is, in joint-stock limited liability companies, ownership is widely dispersed in the form of shares of stock, and as a result the managers and directors that run the company operate in a state of relative isolation, with the further result, and this is key, that the Board of Directors (and the like) are rather free to set what dividends and compensation are due. And this in turn results
in a regular, systematic, unquestioned process of theft, [as] a portion of the profits is directed away from the shareholders who are the owners of the corporation and into the pockets of the managers, who are paid vastly more than the going rate for managerial labor [sic].
Or to quote one of the greatest lines in political philosophy:
The simple fact remains that capitalism is a system of economic organization that regularly, quietly, unremarkably transfers a portion of the annual collective social product into the hands of a small segment of the society who have come to own the means of production. As each year goes by, the owners of capital expand their ownership and thereby reinforce their control of the workers whose labor [sic] creates what they take as profit.
Exploitation, in other words, though in modern capitalism such exploitation is relative, by which I mean, following an influential paper, that the modern accumulation process tends to obliterate social distinctions among workers, thereby producing an internal labour segmentation process – a fragmented workforce, that is – and with it unequal rates of exploitation but higher profits for the capitalist. Read more »


Lorraine O’Grady. Art Is … , Float in the African-American Day Parade, Harlem, September 1983.


The world does not lend itself well to steady states. Rather, there is always a constant balancing act between opposing forces. We see this now play out forcefully in AI.
The sleet falls so incessantly this Sunday that the sky turned a dull gray and we don’t want to go anywhere, my child, his friend and me. We didn’t go to the theater or to the Brazilian Roda de Feijoada and we didn’t even bake cookies at the neighbors’ place, but instead are playing cars on the floor and cooking soup and painting the table blue when the news arrives.






“You were present on the occasion of the destruction of these trinkets, and, indeed, are the more guilty of the two, in the eye of the law; for the law supposes that your wife acts under your direction.”
I was recently subjected to an hour of the “All In” Podcast while on a long car ride. This podcast is not the sort I normally listen to. I prefer sports podcasts—primarily European soccer—and that’s about the extent of my consumption. I like my podcasts to be background noise and idle chatter, something to listen to while I do the dishes or sweep the floor, just something to fill the void of silence. On the way to work this morning I had sports talk radio on—the pre-podcast way to fill silence—and they were discussing the physical differences between two football wide receivers—Calvin Johnson and DK Metcalfe—before switching to two running backs—Derrick Henry and Mark Ingram.
Sughra Raza. Being In the Airplane Movie. Dec 4, 2024.
