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" In capitalism, as I have noted, productive workers add more value to the commodities produced in and sold by the enterprise than the value of their wages paid by the capitalist who hired them. That additional value or surplus is appropriated by the capitalists. They distribute portions of that surplus to a variety of others (and to themselves) to support activities they believe are needed to keep the capitalist enterprise in business. This particular way of organizing the production and distribution of the surplus is capitalism. What, then, is socialism? If socialism is to be a distinct economic system, then it must clearly differentiate itself from capitalism in terms of how surplus is produced and distributed. Marx’s critique of capitalism offers a clue as to the defining characteristic of socialism in his suggestive references to “associated workers” and other images of workers having replaced capitalists as directors of productive enterprises. The "

Richard D. Wolff , Democracy at Work: A Cure for Capitalism


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Richard D. Wolff quote : In capitalism, as I have noted, productive workers add more value to the commodities produced in and sold by the enterprise than the value of their wages paid by the capitalist who hired them. That additional value or surplus is appropriated by the capitalists. They distribute portions of that surplus to a variety of others (and to themselves) to support activities they believe are needed to keep the capitalist enterprise in business. This particular way of organizing the production and distribution of the surplus is capitalism. What, then, is socialism? If socialism is to be a distinct economic system, then it must clearly differentiate itself from capitalism in terms of how surplus is produced and distributed. Marx’s critique of capitalism offers a clue as to the defining characteristic of socialism in his suggestive references to “associated workers” and other images of workers having replaced capitalists as directors of productive enterprises. The