A Marxist Joke

I’m very busy at present with a new job, some medical tests my doctor seems to think are essential, despite feeling quite well and full of beans. So not much time to blog. This post has been put together over a week or so concerning a matter than has made me crank the old lips up in an ironic half smile.

Here’s a question. When did the workers begin to seize the means of production? I ask my last remaining reader because it occurs to me that it wasn’t a Marxist at all who made it happen. Not Lenin, Trotsky, Stalin, Mao, Chavez, Maduro or Castro but ironically someone from the other end of the political spectrum.

I was over at Longrider’s blog last week I think, perusing the comments on one post and I suddenly had an epiphany. It’s a fairly simple exercise in applied logic with a large side serving of irony and I think anyone who doesn’t get the joke needs a quick jump start on the old frontal lobes with an ECT machine. I frequently see it said from left wing sources that ‘property is theft’ and that the workers should seize the means of production, but here’s a thing, what if the workers, of whom I count myself a part having spent much of my life as a working man, have already been taking a firm hold on the ‘means of production’ for several decades. At least in the UK. Certainly over here across North America where the practice is widespread.

No, I’m not talking about nationalisation, that’s just the bureaucratic state taking anything it can lay it’s greasy little mitts on. When it comes to actual ownership, the state and the individual are not the same thing, although the ‘State’ may be made up of a certain tranche of individuals it does not constitute an accountable entity. Indeed the ‘state’ is about as unaccountable as it gets with all the arse-covering that traditionally goes on in bureaucratic circles. I’ve seen state ownership first hand and it’s a process of managed decay, stillborn innovation, fear and inward bound loathing.

Now what I’m describing here is the quantum increase in small investors who are investing, crowdfunding, patreoning and supporting a wide variety of ventures all around the world. Literally enabling the means of production in a way that I think even old Karl would have gone “Yeah, Das Kapital, maybe needs a re-write.” Because the factory based society he designed his collectivist philosophy for died during the 1960’s and 70’s.

For my proof I’d first ask this question; where are the massive factories of yesteryear where thousands toiled? Where is the uniformity? In the much depleted corporate world? There are a few big employers, but nothing like the number of big industrial combines that once dotted the landscape. They’ve all been offshored, downsized, diversified and MBA’d. Where are the single workers collectives to ‘seize control’ of all the wealth generation?

The answer is very simple, via old fashioned much-disparaged capitalism. The kind of thing which allows people to put small pots of money in with larger pots to create investment. Pension funds, individual stocks and shares, government insecurities, gilts and all the rest. Through voting shares the individual investor is allowed a say in how a company is run and who runs it. In short, by purchasing shares they now have a small part ownership of the ‘means of production’. In the UK, this universal share ownership was most enthusiastically pushed by no less a person than, wait for it….

Margaret Thatcher.

Karl Marx wouldn’t have seen the joke, but I do.