hortysir
In Memorial of 47
Capitalism assumes capitalists exist to extract surplus value from the laborer, this scenario wouldn't happen under socialism.I think I may have a very simple idea of socialism.
When Wolff describes it as transforming the market system mainly based on workers co-op, it does not seem like Capitalism died, but evolved into a workers Co-op dominated version of capitalism. It resolves the issue of profit where each worker is compensated for his work, but it does not seem to solve the problem of larger Co ops corps pooling money and influencing politicians to benefit specific Worker co op corporation.
Is there more to this philosophy? Such a philosophy does not lend itself to revolution. It seems like the process of transforming a non-worker/owner corp into a worker co op should be done at the grassroot in the business itself. There are already economic tools and methods that can do this making the idea of socialist taking over the government appear a little pointless.
Am I missing something? It does not appear to me that socialism is a leftist idea at all. The market can be fully deregulated and dominated by workers co-ops pushing it further to the right due to greed among the workers. What is keeping this scenario from becoming real in a socialistic economy?
The laborer is also a capitalist, looking to extract from the employer