TO CONTINUE — Robert Paul Wolff

The systematic divorce of ownership from managerial control of productive resources, a process growing organically within capitalism as it develops, makes it possible for the first time to think seriously about collective ownership of the means of production. The first question that arises is: what about the surplus? Capitalism is ideally organized to extract a surplus from the annual production and consumption of commodities and to vest ownership of that surplus in private hands. But no matter who owns it, the question naturally arises, what to do with it.

What to do with it is a matter of control, which implies power.

The Philosopher's Stone
TO CONTINUE
Robert Paul Wolff | Professor Emeritus, University of Massachusetts Amherst