Capitalism Quote by Michael Harrington
““Managers receiving hundreds of thousands a year—and setting their compensation for themselves—are not being paid wages, they are appropriating surplus value in the guise of wages. ””
About This Quote
Source Book: “The Other America” by Michael Harrington, 1962
Managers who set their own high salaries are not earning wages but extracting surplus value under the pretense of wages.
In simple terms: Managers taking excessive pay are exploiting labor.
Key Takeaway
Advocate for fair compensation structures.
Themes
economics
labor rights
wealth inequality
Mood
critical
concerned
Type
political
economic
When to use this quote
- board meetings
- salary negotiations
- union discussions
- policy making
- public debates
Key Concepts
surplus value
wage theft
corporate governance
Questions to Reflect On
- How can workers push back?
- What policies ensure equitable pay?
A Different Perspective
Implementing change may face strong corporate resistance and legal hurdles.
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
