The Invisible Handcuffs of Capitalism

The Invisible Handcuffs of Capitalism

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Mainstream economics ignores or distorts the most fundamental aspect of this reality: that the vast majority of people must, out of necessity, labor on behalf of others, transformed into nothing but a means to the end of maximum profits for their employers. The nature of the work we do and the conditions under which we do it profoundly shape our lives. And yet, both of these factors are peripheral to mainstream economics. By sweeping labor under the rug, mainstream economists hide the nature of capitalism, making it appear to be a system based upon equal exchange rather than exploitation inside every workplace.A recent example involves Sync, a system that allows voice-command control of a cell phone and MP3 player. It was a big success at last Januarya#39;s North American International Auto Show. Ford developed it with Microsoft Corp. last year andanbsp;...

Title:The Invisible Handcuffs of Capitalism
Author:Michael Perelman
Publisher:NYU Press - 2011-01


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