And as historian Harold Perkin noted, most of the people we now refer to
as 'capitalists' make most of their money from hugely inflated salaries.
Whilst they may own shares, their control of capital lies in their
'control' of public companies, rather than in their direct 'ownership' of
them.
On 16
Marx's class
analysis needs to be refurbished for our purposes. He took it from
Ricardo's refinement of classical political economy: three classes
landlords, capitalists and workers, each with property in one of the three
things that matter: land (nature), capital (money or society, says Polanyi)
a
There is a lot to engage with in this exchange between Brian and Felix. In
a nutshell, Polanyi opposed class analysis as such. Class interests have a
serious impact only when they express the interests of society as a whole.
These classes can come from anywhere, but what matters is their contingent
