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Economist Clara E. Mattei on the Mechanics of Capitalist Subordination

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  • Economist Clara E. Mattei argues that capitalism persists primarily through the systematic subordination of the majority.
  • The necessity of wage labor strips individuals of their capacity for collective decision-making, which is forfeited the moment one enters the workplace.
  • Austerity is not a rational economic policy but a disciplinary tool designed to increase dependency on markets and protect capital accumulation.

The Role of Disciplinary Mechanisms

  • Unemployment is not an accidental failure of capitalism but a functional feature required to maintain labor substitutability and keep wages low.
  • The system is fundamentally decoupled from human needs, indifferent to the social costs of hunger, stress, or housing insecurity.
  • Military spending serves as a primary valve for overproduction, stimulating growth while bypassing the need to empower workers through social public spending.

Strategies for Emancipation

  • Mattei emphasizes that academic discourse is often co-opted; real change requires building independent, non-hierarchical institutions that produce knowledge from below.
  • True freedom is defined as the collective power to organize society, a stark contrast to the neoliberal individualistic narrative pushed by political leaders.
  • The transition to an alternative economy requires the socialization of investment and a shift toward production based on 'use value' rather than profit.

This summary was generated by AI from the original article and may omit nuance or later updates. How everytldr works · CC BY SA 3.0

This summary is licensed under CC BY SA 3.0

 
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