Louis Proyect wrote:
http://louisproyect.wordpress.com/2012/04/25/david-graeber-on-capitalism-and-unfree-labor/

This concerns an old pen-l debate. One way to summarize this is to say
that it depends on one's definition of capitalism.

Under the pure capitalist mode of production (CMP) that Marx described
and analyzed in his CAPITAL, labor is "free in a double sense." Even
if workers are formally free, i.e., not subject to slavery, serfdom,
debt peonage, etc., they are "wage slaves" (free of the ability to
survive without working for capitalists). That is, because they can't
get sufficient means of subsistence (consumption goods) to survive
directly (by hunting, gardening on their own plots), they must buy
them from the capitalists who, as a class, monopolize the means of
production used to produce consumption goods. Thus, "free" workers pay
for their survival by providing the capitalists with surplus-labor.
They are individually free -- in theory able to turn down jobs if they
don't like them -- but collectively slaves (and exploited). (Marx saw
this as a critique of 19th century liberalism -- and it applies to
neoliberalism, too.)

Turn to another definition of "capitalism": the Althusserian
structuralists described "the capitalist social formation" (CSF) as a
less abstract -- and more empirical -- social system that is dominated
by the pure capitalism just described, but includes other modes of
production and institutions. Marx talks about his a little in CAPITAL
(as with the first paragraph of section 2 of chapter 10 of volume I).
This CSF can include large numbers of workers who are subject to the
bondage of slavery, serfdom, debt peonage, etc. f it's "impure" in
this way, it intensifies exploitation compared to pure capitalism,
i.e. causes super-exploitation. Also, this super-exploitation can help
pure capitalism prosper (i.e., accumulate and grow).

Marx argued that, after capitalism was created via the so-called
Primitive Accumulation, the real world of the CSF was headed in the
direction of pure capitalism, if not stopped. But even if debt
peonage, etc. is abolished apply, capitalism will be exploitative. The
role of debt peonage isn't necessary to a theory of exploitation, even
if it supplements it.

In a liberal theory, in contrast, if debt peonage, etc. were
abolished, there would be no significant exploitation of labor. Is
that the theory that Graeber is advocating? I doubt it.
-- 
Jim Devine / "An atheist is a man who has no invisible means of
support." -- John Buchan
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