In this episode, we unpack the complex relationship between capitalism and exploitation, tracing how thinkers from Marx to modern critics have argued that the system’s survival depends on surplus extraction. Drawing on Marx surplus value theory, we explore how profit emerges when workers create more value than they receive in wages. We also confront the uneasy question: can capitalism exist without exploitation? — a question that continues to haunt economic and moral debate. Exploitation isn’t just an unfortunate side effect of capitalism; it’s the very mechanism that keeps it running.

The conversation turns to neoliberalism and self-exploitation, examining how the old coercion of factory work has been replaced by the soft tyranny of “freedom.” Under neoliberal capitalism and worker self-exploitation, individuals become brands, managing themselves as if they were small companies. The illusion of autonomy conceals deeper dependence, as people voluntarily submit to endless self-optimization. We link this modern condition to Byung-Chul Han’s idea of the burnout society, in which the boundaries between worker and boss dissolve within a single exhausted mind.

Finally, the episode expands the lens to world-systems theory capitalism, illustrating how global inequality sustains prosperity in wealthy nations. By outsourcing labor to the global South, the core economies externalize exploitation, a process that makes fair wages in one part of the world possible only through suffering in another. Through examples from fast fashion to tech supply chains, we reveal how capitalism relies on exploitation not just within nations but across them. The result is a sobering yet necessary exploration of the hidden gears driving our modern world, a world still built, as Marx foresaw, on capitalism and exploitation.

Related

Elite Theory and the Drift of Democracy https://cypressandstar.libsyn.com/elite-theory-and-the-drift-of-democracy

Ray Dalio Warns of Economic Crisis Beyond Recession Amid Global Market Shifts https://cypressandstar.libsyn.com/ray-dalio-warns-of-economic-crisis-beyond-recession-amid-global-market-shifts

Wage Stagnation and the Purpose of the Corporation https://cypressandstar.libsyn.com/wage-stagnation-and-the-purpose-of-the-corporation

Sources

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