Thursday 13 December 2007

Bakunin's "aristocracy of labour"

In Marxist theory, those workers (proletarians) in developed countries who benefit from the superprofits extracted from the impoverished workers of underdeveloped countries form an "aristocracy of labor." The phrase was popularised by Karl Kautsky in 1901 and theorised by Vladimir Lenin. Lenin's theory contends that companies in the developed world exploit workers in the developing world (where wages are much lower), resulting in increased profits. Because of these increased profits, the companies are able to pay higher wages to their employees "at home" (that is, in the developed world), thus creating a working class satisfied with their standard of living and not inclined to proletarian revolution. Lenin thus contended that imperialism had prevented increasing class polarization in the developed world. Wikipedia's entry on Labor Aristocracy

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