The profits workers generate form the actual basis of capitalist economic growth.
Evidence
But this is not the whole story. The version of society that experts impose on us puts us in a chokehold. To satisfy our needs, we depend on a system whose logic is not only indifferent to them but also requires our exploitation. Economic growth is produced by a specific social order in which the majority of citizens are compelled to sell their labor power in exchange for a wage that is less than the value they produce. This means that the profits generated by workers form the basis of economic growth. This is a fundamental characteristic of the society we live in, what I call the capital order. — Clara E. Mattei, Escape from Capitalism, 95
Categorization
- DEFINE: Introduces the book’s central term ‘the capital order’ and its core exploitation mechanism.
- XREF: connects to: Capitalist growth fundamentally depends on paying workers less than they produce. — Clara E. Mattei, Escape from Capitalism: An Intervention, 104; Profit comes from surplus value workers generate — Clara E. Mattei, Escape from Capitalism, 103; All capitalist growth rests on a gap between wages and value created — David Harvey, The Condition of Postmodernity: An…, 1137 (+1 more)
Broader Connections
- Capitalist growth fundamentally depends on paying workers less than they produce.
#corroborates(0.95) — Clara E. Mattei, Escape from Capitalism, 104 - All capitalist growth rests on a gap between wages and value created
#corroborates(0.95) — David Harvey, The Condition of Postmodernity, 1137 - Growth rests on workers selling labor for less than the value they create
#expands(0.92) — Clara E. Mattei, Escape from Capitalism, 95 - Profit comes from surplus value workers generate
#expands(0.90) — Clara E. Mattei, Escape from Capitalism, 103