Formal political equality and market exchange produce economic domination when property is unequal

Evidence

The concentration of control of these resources, however, means the majority must exchange their only produc­ tive property (their capacity to labor) for a wage or salary, thereby agree­ ing to give formal jurisdiction over their economic activities to owners and managers. Thus formal equality in the political sphere and equal exchange in competitive markets give rise to relationships of dominance and sub­ ordinacy within the confines of the capitalist enterprise. — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America, 582

Categorization

  • DEFINE: Defines the specific mechanism by which formal legal equality coexists with economic subordination in capitalism.
  • XREF: connects to: Formally neutral liberal states in capitalist orders produce homogeneous life outcomes, not real pluralism — Hartmut Rosa, Social Acceleration: A New Theory of…, 44; Marx held that market equality masks a coercive inequality at work — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America:…, 573; Formal political equality masks deep economic servitude that hollows out democracy — Clara E. Mattei, Escape from Capitalism: An Intervention, 406 (+6 more)

Broader Connections