Thursday, July 26, 2018

Capitalism, Exploitation, Greed

Marxist Socialism presents a precise solution to a feature of a Capitalist system: the problem is Exploitation, which Marxism traces to the private ownership of the Means of Production, including Land, the solution to which is, therefore, the abolition of Private Property.  However, this diagnosis leaves unaddressed a more fundamental Capitalist ill--the codification of Profit-Seeking, a principle without precedent or grounding, e. g. Hobbesian Egoism seeks survival, not gain.  To the contrary, insofar as Profit-Seeking respects no measure, either psychologically or socially, it is equivalent to Greed, which is generally classified as a Vice.  So a shift of the focus of the criticism of Capitalism to its Profit-Seeking principle projects the  elimination of Exploitation via the removal of its essential element, i. e. Profit from the Labor of others, and, thus, of any motivation to do so.  Furthermore, absent that factor, any multi-personal Labor is transformed into a cooperative effort, as is, Economic relations in general, without abolishing Private Property, which can be re-conceived as harmoniously distributed.

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