The employment rates are in very bad shape. We vastly underestimate the unemployment
Immanuel WallersteinThe primary ideology that operated to create, socialize, and reproduce them was not the ideology of racism. It was that of universalism.
Immanuel WallersteinScientific culture created a framework within which individual mobility was possible without threatening hierarchical work-force allocation. On the contrary, meritocracy reinforced hierarchy. Finally, meritocracy as an operation and scientific culture as an ideology created veils that hindered perception of the underlying operations of historical capitalism.
Immanuel WallersteinWe must distinguish between the kind of structural transformation that would leave in place (even increase) the realities of the exploitation of labor, and one that would undo this kind of exploitation or at least radically reduce it
Immanuel WallersteinTo 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.
Immanuel WallersteinAn individual or a group of individuals might of course decide at any time that they would like to invest capital with the objective of acquiring still more capital. But, before a certain moment in historical time, it had never been easy for such individuals to do this successfully.
Immanuel Wallerstein