To be sure, the use of force by one party in a market transaction in order to improve his price was no invention of capitalism. Unequal exchange is an ancient practice. What was remarkable about capitalism as a historical system was the way in which this unequal exchange could be hidden; indeed, hidden so well that it is only after five hundred years of the operation of this mechanism that even the avowed opponents of the system have begun to unveil it systematically.

To those critics who see capitalism as a system of inegalitarian, oppressive structures, its defenders have vaunted its ability to recognize and encourage what they call individual merit and asserted not only the desirability but also the inevitability of differential reward, of earned privilege, so to speak.

Wars between states and people seem to have existed under all historical systems for as long as we have some recorded evidence. War is quite clearly not a phenomenon particular to the modern world-system. On the other hand, once again the technological achievements of capitalist civilization serve as much ill as good. One bomb in Hiroshima killed more people than whole wars in pre-modern times. Alexander the Great in his whole sweep of the Middle East could not compare in destructiveness to the impact of the Gulf War on Iraq and Kuwait.

Truth as a cultural ideal has functioned as an opiate, perhaps the only serious opiate of the modern world. Karl Marx said that religion was the opiate of the masses. Raymond Aron retorted that Marxist ideas were in turn the opiate of the intellectuals. There is perspicacity in both these polemical thrusts. But is perspicacity truth? I wish to suggest that perhaps truth has been the real opiate, of both the masses and the intellectuals.

The way in which these two practices contain each other is that it has always been possible to use the one against the other: to use racism-sexism to prevent universalism from moving too far in the direction of egalitarianism; to use universalism to prevent racism-sexism from moving too far in the direction of a caste system that would inhibit the work force mobility so necessary for the capitalist accumulation process.

Governments first of all have been able to amass, through the taxation process, large sums of capital which they have redistributed to persons or groups, already large holders of capital, through official subsidies.

The very concept of universal formal education is a product (and a relatively late product) of the capitalist world-economy.