"What gets dismissed or ignored here are Marx’s arguments that the people who happen to be running the system at any particular moment are not really in control of the situation. What are really in control are the “laws of capitalist production.” Individual personifications of capital––and this includes atypical personifications such as individual state capitals and worker-run enterprises––must submit to these laws or relinquish their “control.” The most important law is the “law of value,” the determination of value by labor-time. It compels a business, whoever owns or “controls” it, to minimize costs in order to remain competitive, and therefore to lay off inefficient or unnecessary workers, speed up production, have unsafe working conditions, produce for profit instead of producing for need, and so on."

On the Relevance of Marx's Capital for Today