Capitalism Isn’t Free or Democratic
Under capitalism, the decisions that shape society are made by those who own the wealth – and the rest of us have to work for them to survive. That’s neither freedom nor democracy.
1 Article by:
Erik Olin Wright (1947–2019) was Vilas Distinguished Professor of Sociology at the University of Wisconsin. He authored many books, including Classes, Interrogating Inequality, Class Counts, Deepening Democracy (with Archon Fung), and Envisioning Real Utopias.
Under capitalism, the decisions that shape society are made by those who own the wealth – and the rest of us have to work for them to survive. That’s neither freedom nor democracy.