Class interest

Definition and stakes

Portrait of Thorstein Veblen Thorstein Veblen,  The Place of Science in Modern Civilisation…

“ What answer the early Marxists gave to this question, of how the economic situation shapes institutions, was to the effect that the causal connection lies through a selfish, calculating class interest. But, while class interest may count for much in the outcome, this answer is plainly not a competent one, since, for one thing, institutions by no means change with the alacrity which the sole efficiency of a reasoned class interest would require. ”
Source: Gutenberg

Paul Lafargue,  The Right to Be Lazy, and Other Studies

“ The class struggle is out of fashion, declare these professors of socialism. Can a line of demarcation be drawn between classes? Do not the working people have savings bank accounts of $20, $40 and $100, bringing them 50 cents, $1.50 and $3.00 of interest yearly? Is it not true that the directors and managers of mines, railroads and financial houses are wage-workers, having their functions and duties in the enterprises which they manage for the account of capitalists? ”
Source: Gutenberg

Get perspective with Kwize: daily news enlightened by great literature