Parenti makes a fundamental distinction owners live mostly off of investments, stocks, bonds rentals, etc. their wealth comes from the labor of others while employees live mostly off of wages, salaries, etc. they must work for a living he also adds an important clarification not everyone who owns a business is a part of the own in class. Small business owners must get up and work every day alongside their employees and struggle to survive. Most of these small business owners are victims of the lies, told to them by capitalism an example of an owner is a shareholder in a major corporation who receives income from dividends and never has to work for this money while an example of an employee is a factory worker who earns an hourly wage and even in high paid corporate manager, who must still show up and work it doesn’t matter how high up on the chain you are if you must show up and work to receive money you are an employee.
Smith is basically saying that labor is the true source of value money is just what we used to represent that value, but it’s just a symbol not the real worth the real worth of anything comes from the human effort that went into creating it for example trees become paper or furniture, and while those end products cost money, their value is placed by how much labor was went into it the more time and labor is spent on something they more money. It’s cost money at the end of the day is just a very convenient way to measure an exchange value, but it is not value itself.
Heideman’s key point stating that class isn’t about how you identify or what lifestyle you have, it’s about what you have to do to live and what interest follows from that. For example a nurse and a farmer have very different incomes and education levels, however both must work for wages, and both face employers trying to extract as much as possible from them. They shared this similarity regardless of how they identify.
Heideman contrasts class with the race to explain this whiteness as an identity does not depend on a particular relationship with a non-white race a racist in an anti-racist are equally white with class is different the close form of dependency is basically this to be. A worker means that you have to be directly dependent on the specific capitalist for a job and to be a capitalist means to be directly dependent on exploiting your worker to maintain your position neither can exist without the other for an example. I work at Amazon as a warehouse worker. I rely on Amazon to give me my paycheck so I can survive Amazon depends on exploiting me in unfair ways

