Marx thought that control rights over the firm were attached to ownership of capital rather than being logically separately acquired in the employer-employee relationship.
“It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist. The leadership of industry is an attribute of capital, just as in feudal times the functions of general and judge were attributes of landed property.” – Marx
You just described Marx’s theories, while claiming to correct them.
Wild.
Marx thought that control rights over the firm were attached to ownership of capital rather than being logically separately acquired in the employer-employee relationship.
“It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist. The leadership of industry is an attribute of capital, just as in feudal times the functions of general and judge were attributes of landed property.” – Marx