Invisible Handcuffs of Capitalism

How Market Tyranny Stifles the Economy by Stunting Workers

Michael Perelman

Mainstream, or more formally, neoclassical, economics claims to be a science. But as Michael Perelman makes clear, nothing could be further from the truth. While a science must be rooted in material reality, mainstream economics ignores or distorts the most fundamental aspect of this reality: that the vast majority of people must labor on behalf of others, transformed into nothing but a means to the end of maximum profits for their employers. Perelman describes this illusion as the “invisible… (more information)