Re: Corporations

[Louis Proyect <lnp3@xxxxxxxxx>]

Mike Ballard wrote:
> In other words, hasn't wage-labour always resulted in
> the developement of capitalist social relations?

Not really. Cuba has paid workers in pesos since 1960 but if capitalism
is restored there, it will be a result of other factors. Until an
socialist economy has such an enormous surplus that makes cash
unnecessary, there will be a need for some kind of rationing. Pesos, in
effect, become a voucher. When pesos become concentrated among a
minority of society that has a monopoly on political power, and when
that minority begins to act to open up the door to wholesale foreign
investment and privatization, then we can speak of capitalist social
relations. This, of course, is what has transpired in China and Russia.


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