[Marxism] 3167. Income Inequality: Why Social Class Matters

Louis Proyect lnp3 at panix.com
Wed Jan 23 10:35:43 MST 2019

However, the key question for the working people is this: What is the 
source of income inequality in capitalist societies? Neither of these 
notable economists nor the “left-wing” politicians who popularize their 
views such as Bernie Sanders or Ocasio-Cortez takes up this question. 
The answer is capitalism itself.  As long as the social means of 
production are the private property of a small section of society, the 
capitalist class, and the vast majority of the population has to sell 
our labor power for a wage or salary, national income would be 
distributed unequally between the “haves” and “have nots,” between those 
whose income comes from wages and those whose income comes from profit 
(and financial capitalists who collect interest and capitalist landlords 
who collect rent).  Income inequality is built into the capitalist mode 
of production, just as unemployment and poverty and other ecosocial ills 
are built into it.  The reformers of capitalism, those who work to 
ensure it is maintained and efficiently run as a system, constantly work 
to address alleviate these systemic problems.


More information about the Marxism mailing list