ABSTRACT

Labor and capital are the two dominant classes in this system. Workers will ever more surely sell their time-or "labor power"-for a wage, while employers will buy it in order to create products salable on the market for more than the price of wages plus the cost of machinery and resources necessary to produce them. This difference constitutes the "surplus" or profit that, even as it is socially produced by workers, is appropriated by individuals or firms. Its use is, in principle, privately determined, beyond any broader social implications, according to market imperatives.