Question

Caporaso and Levine argue, on page 62 of Theories of Political Economy, that “the more the worker gains from the accumulation of capital, the less does the appropriation of profit by capitalists conflict with the interest of workers so long as those profits are invested rather than consumed.” Why is this the case? Explain in detail.

Answer 1

This is indeed an issue that has been raised by certain Keynesians who get to argue that the capitalist economic organisation works in the get to work in the general interest which include the material interest of both the workers as well as the capitalists as long as the capitalist maintain a high level of investment. This argument is actually a posed challenge to the Marx system where they got to respond the challenge by mentioning that there are certain group of workers who have been excluded from the accumulation of capital while some othe Marxists denied the claims simply.