In this article I argue that elimination of exploitation at the firm level is necessary to eliminate exploitation, but is not sufficient, in and of itself, to support class justice. I distinguish exploitation as one of several aspects in the more inclusive category of class justice developed by George DeMartino. I then demonstrate that when the formation and distribution of value at the more complex level of Marx’s analysis in volume 3 of Capital is considered, workers may collectively appropriate surplus value but nonetheless be subject to an unfair redistribution of labor time. I use the example of the Mondrago ́n cooperatives to illustrate the type of institution needed to address the reallocation of labor and the class injustice it entails. I end by speculating on how the concept of value needs to be reconsidered when we move beyond thinking about market exchange as the primary means by which labor is allocated beyond capitalism.
David Kristjanson-Gural (2011) Value, Cooperatives, and Class Justice, Rethinking Marxism: A Journal of Economics, Culture & Society, 23:3, 352-363