ABSTRACT
This chapter elaborates a Marxian approach to grappling with the contradictory relationship between private wealth and political domination in contemporary capitalist societies. It begins by offering a theoretical diagnosis of the normative issues generated by the relationship between private wealth (a manifestation of private power) and political domination, and concludes by briefly outlining a range of preliminary proposals for democratically transforming this relationship with the ultimate goal of abolishing capital as a social relation. The chapter also demonstrates the advantages of the Marxian approach to these issues as compared to liberal egalitarian and neo-republican accounts that remain dominant in contemporary normative political theory.
