Does capitalism create inequality?

A new essay by yours truly on the dynamics of capitalism.

Central Circuit

This article was originally published in the May ’14 issue of the Central Circuit.

George Orwell, the author of Animal Farm and 1984, was what Leftists call a “fellow traveler”—never solidly enough committed to one of the “smelly little orthodoxies” around him to be reliably Anarchist or Socialist, but reliable enough that his wandering allegiances never strayed outside their central hostility toward authoritarian social structures, fascist militarism, and capitalist wage labor. Orwell seems to have known little of Karl Marx, architect of the Leftist critique of capitalism, but he didn’t let it stop him from hating capitalism just the same.

We can do better than Orwell. My purpose in this essay is to explain in plain terms the central concept underlying Marx’s economic critique, which—for all its reputed abstruseness and complexity—is really not that complicated. Marx had one central insight: in capitalism (i.e. a society in which resources are…

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