I mean even today there are CEOs and boards of directors that can be held responsible; this is a matter of political will. Which, well, Marx didn’t call liberal democracy the dictatorship of the bourgeoisie for no reason.
Comment on The real free market was the Golden Age we met along the way.
trxxruraxvr@lemmy.world 21 hours ago
A point that’s not mentioned here specifically is that this was also before the invention of corporations with shareholders. That means that each business still had an owner who could be held personally responsible for the actions of that business. That would prevent a lot of the nasty shit we see going around today.
NoneOfUrBusiness@fedia.io 21 hours ago
SolacefromSilence@fedia.io 16 hours ago
Respectfully, Marx taking about the bourgeoisie specifically, would not refer to the richest of the rich. Think of it how the UK would refer to a “middle class” person which is very different than how Americans understand it.
We’re effectively ruled by a new age aristocracy, where money=nobility. Unfortunately it’s getting a bit worse than Marx predicted.
NoneOfUrBusiness@fedia.io 16 hours ago
I’m not 100% on top of my Marx, but AFAIK to Marx the bourgeoisie are all members of society who own capital and whose income comes from the profits of hiring wage laborers to operate that capital. If the ultra-rich were a proper aristocracy you’d see the rest of the bourgeoisie try (and succeed) to bring them down; instead they just bicker every now and then but close ranks whenever bourgeois society is threatened. For the most part these two groups make more sense as subcategories of one class than as two separate classes, with the feudalistic behavior of the ultra-rich just being how
Unfortunately it’s getting a bit worse than Marx predicted.
How so?
Cataath@lemmy.world 16 hours ago
Nothing dumber than a capitalist basically saying, “The government needs to stay out of my fictional entity created by governments to shield me from legal liability in order for me to stimulate the economy and generate tax revenue.”