A LETTER to the Morning Star early last year asked what “abolition of the wages system” (a phrase used by both Marx and Engels) might entail.

There are two questions here: how that abolition might be achieved and what a society that replaces it might look like. But before suggesting the answers, let’s first examine in more depth what the “wages system” is.

For Marx’s readers the answer would probably have been obvious — the “wages system” is another word for capitalism, a situation in which capitalists own the means of production (raw materials, machinery, factories, means of distribution and exchange), exploit the “labour power” of workers, extracting more from them in the way of work than the workers themselves receive in wages (their “surplus value”) and then sell the commodities they produce on a market, realising that value as a profit.