Businesses call this "profit." Marx called it "surplus value." For Marx, the crucial question is: Who gets this surplus value? Who is entitled to the profit that businesses accumulate? Marx insisted that this profit belongs wholly to the workers. They earned it, so they deserve to share it. In reality, however, the entrepreneur or the capitalist gets it. If he has investors, they too share it. Marx regarded this as the most scandalous form of exploitation. He insisted that workers spend only part of their day working to benefit themselves; the rest of the time they spend working to benefit the capitalists. Basically the capitalists are stealing from the workers. Yet Marx recognized that this was the essence of capitalism. Only a workers' revolution, Marx believed, would end this unjust arrangement. Notice that Marx isn't condemning the capitalist for taking "excessive" profits; he is condemning the capitalist for taking any profits. Marx, I want to emphasize, was not a progressive con man. He passionately believed that capitalists were greedy, corrupt exploiters. The reason he felt that way was that he was a complete ignoramus about business. He simply had no idea how businesses actually operate. Marx never ran a business. He never even balanced his checkbook. He was a lifelong leech. He had all his expenses paid for by his partner, Friedrich Engels, who inherited his father's textile companies. Progressives like to portray Engels as a businessman but in fact he too didn't actually operate the family business. He had people to do that for him. Freed from the need to work, Engels was a man of leisure and a part-time intellectual. Ironically Marx and Engels were both dependent on the very capitalism they scorned.
( Dinesh D'Souza )
[ Stealing America: What My ]
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