Nèdeem Elmahjoub's blog

“Elon Musk possesses a huge fortune not because he ‘earned’ it but rather because the rules of the game under capitalism permit capitalist investors like him to accumulate vast personal wealth at the expense of the larger working population. Musk has proven to be a particularly lucky and adept contestant in the game. But an appraisal of his personal attributes should in no way obscure this simple fact: outside of the socio-economic order based on private ownership of the productive assets of society and the pursuit of private profit through the exploitation of wage labour, a success of Musk’s type and magnitude is simply inconceivable.” —  Murray E.G. Smith and Tim Hayslip in Thinking Systematics, 2024

“ From the standpoint of a higher economic form of society, private ownership of the globe by single individuals will appear quite as absurd as private ownership of one man by another. Even a whole society, a nation, or even all simultaneously existing societies taken together, are not the owners of the globe. They are only its possessors, its usufructuaries, and, like  boni patres familias,  they must hand it down to succeeding generations in an improved condition. [E]xploitation  and squandering of the vitality of the soil (apart from making exploitation dependent upon the accidental and unequal circumstances of individual producers rather than the attained level of social development) takes the place of conscious rational cultivation of the soil as eternal communal property, an inalienable condition for the existence and reproduction of a chain of successive generations of the human race.” — Capital Vol. III Part VI