1. The distinction between owners and employees is that owners live mostly off investments and off the labor of their employees while employees live mostly off their paychecks because they have no wealth. ” One should distinguish between those who own the wealth of society and those who must work for a living. The very rich families and individuals who compose the owning class live mostly off investments, which include stocks, bonds, rents, mineral royalties, and other property income. Their employees live mostly off wages, salaries, and fees.”
  2. The quote is saying that the value of goods is determined by the how much labor went into making it. ” Labor … is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only. What transforms a tree into a profitable commodity such as paper or furniture is the labor that goes into harvesting the timber, cutting the lumber, and manufacturing, shipping, advertising, and selling the finished product—along with the labor that goes into making the tools and whatever else is needed for production and distribution.”
  3. Class is not an identity because your social class status could always change while your identity is usually permanent. “But class is different, insofar as it is not just the concept of “worker” that is dependent on the concept of capitalist for meaning. It’s that to be a worker means, necessarily, to be dependent on a given capitalist or firm for a job. Similarly, to be a capitalist means to be engaged in the ongoing exploitation of particular workers in order to maintain that position. A white person’s whiteness, by contrast, isn’t dependent on a particular relationship with or actions by nonwhite people. An antiracist and a racist are equally white.”
  4. A close form of dependency is when you both rely both owner and employee rely on one another. ” This interdependency means that to be a worker is to always and everywhere be in s position of having your interests at least threatened by the capitalist that employs you. But it also means that workers everywhere have the potential power to force their employers to the table by threatening their ability to remain capitalists. The close interdepended of the class structure at once threatens workers’ interests and provides the source of the power by which they can beat back that threat.” An example of interdependency was during the writers’ strike that happened recently the writers went on strike because they weren’t getting paid enough and this caused the postpone and cancellation of many films and tv shows they continued to strike until they came to an agreement, they deemed was fair.

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