TAMPA, January 6, 2014 – It’s startling how pervasive Karl Marx’s worldview has become, even here in the supposed home of capitalism. Economists since Adam Smith have represented the division of labor with names for the different roles played by individuals within it at any given time.
But it was Marx who identified “capitalists” as vampires sucking the blood of victim workers. He didn’t use labels such as capitalist and worker merely to explain economic roles, but identified them as separate classes in a political struggle.
Without even realizing it, even pro-market Americans accept these assumptions and largely base their arguments upon them. When the debate devolves into one in which low income earners claim an entitlement to higher wages and high income earners respond by telling them why they don’t deserve higher wages, Marx has already won.
There is no difference between capitalists and workers. All workers are capitalists, even those currently making minimum wage in the fast food or retail industries.