According to Marx one of the primary evils of capitalism is that it is exploitative-and necessarily so. Socialist and communist societies will not be exploitative and this is one of the reasons why they will in some sense be better. To understand such claims we have to determine exactly what Marx means by “exploitation” and what it is about exploitation that Marx finds to be bad. Neither of these questions is as simple as it might seem.A common misunderstanding of Marx (...) is this: exploitation consists simply in an unequal distribution of social wealth. Workers are exploited because they get so much less of the pie than do capitalists. Another interpretation of Marx's concept is that exploitation consists in the fact that workers to not get the whole pie. They produce all value and, therefore, deserve to get it all back. I will show that both of these interpretations are inadequate or simply mistaken. An error common to both is an overemphasis on distribution. (shrink)

It is commonly thought that exploitation is unjust; some think it is part of the very meaning of the word 'exploitation' that it is unjust. Those who think this will suppose that the just society has to be one in which people do not exploit one another, at least on a large scale. I will argue that exploitation is not unjust by definition, and that a society (such as Our own) might be fundamentally just while nevertheless being pervasively exploitative. I (...) do think that exploitation is nearly always a bad thing, and will try to identify the moral belief which makes most of us think it is. But I will argue that its badness does not always consist in its being unjust. (shrink)

It is commonly thought that exploitation is unjust; some think it is part of the very meaning of the word ‘exploitation’ that it is unjust. Those who think this will suppose that the just society has to be one in which people do not exploit one another, at least on a large scale. I will argue that exploitation is not unjust by definition, and that a society might be fundamentally just while nevertheless being pervasively exploitative. I do think that exploitation (...) is nearly always a bad thing, and wul try to identify the moral belief which makes most of us think it is. But I will argue that its badness does not always consist in its being unjust. (shrink)

When the relative importance of the national exploitation from which a working class suffers through belonging to the proletariat diminishes continually as compared with that from which it benefits through belonging to a privileged nation, a moment comes when the aim of increasing the national income in absolute terms prevails over that of the relative share of one part of the nation over the other. From that point onward the principle of national solidarity ceases to be challenged in principle, however (...) violent and radical the struggle over the sharing of the cake may be. Thereafter a de facto united front of the workers and capitalists of the well-to-do countries, directed against the poor nations, coexists with an internal trade-union struggle over the sharing of the loot. (shrink)

This paper critically analyses the strongly subjectivist approach to exploitation theory proposed by Matsuo on this journal, in general convex economies with heterogeneous agents. It is proved that the Fundamental Marxian Theorem is not preserved and that no meaningful subjectivist exploitation index can be constructed. A minimal objectivism is necessary in exploitation theory, whereby subjective preferences do not play a direct, definitional role. An objectivist approach related to the ‘New Interpretation’ is proposed which captures the core intuitions of exploitation theory, (...) provides appropriate indices of individual and aggregate exploitation, and preserves the Fundamental Marxian Theorem in general economies. (shrink)