Even if we ignore the artificially increased transaction costs and hold out problems associated with private ownership that make acquiring means of production more expensive, this point only justifies some sort of compensation from the workers as part of the negative fruits of their labor in production. It does not justify the capitalist appropriating 100% of the positive (legal right to produced outputs) and negative (legal liability for the used-up inputs) fruits of the workers’ joint labor
Property’s moral basis is getting the positive and negative fruits of your labor. Capitalism denies the workers this as the employer solely appropriates the positive and negative fruits of their labor. The core of property’s moral basis is the principle that legal and de facto responsibility should match. Receiving wages is not sufficient because the workers remain de facto responsible for the whole (positive and negative) product of the enterprise and are entitled to it on that basis
Even if we ignore the artificially increased transaction costs and hold out problems associated with private ownership that make acquiring means of production more expensive, this point only justifies some sort of compensation from the workers as part of the negative fruits of their labor in production. It does not justify the capitalist appropriating 100% of the positive (legal right to produced outputs) and negative (legal liability for the used-up inputs) fruits of the workers’ joint labor
The workers get money for their labor…
Property’s moral basis is getting the positive and negative fruits of your labor. Capitalism denies the workers this as the employer solely appropriates the positive and negative fruits of their labor. The core of property’s moral basis is the principle that legal and de facto responsibility should match. Receiving wages is not sufficient because the workers remain de facto responsible for the whole (positive and negative) product of the enterprise and are entitled to it on that basis