Hakim

Capitalist arguments against the labor theory of value suck (Explaining the LTOV) - Socialism 101 (Patreon)

Published:

2022-03-22 15:08:09

Imported:

2026-06

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Basic answers to the most common objections you hear in regards to the labour theory of value. Unsurprisingly, the vast majority of them are a result of not actually reading what Marx said, and as a result fall flat. Lemme know what you think! <3

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Capitalist arguments against the labor theory of value suck (Explaining the LTOV) - Socialism 101

Support me on Patreon: https://www.patreon.com/ComradeHakim Twitter: @YaBoiHakim Basic answers to the most common objections you hear in regards to the labour theory of value. Unsurprisingly, the vast majority of them are a result of not actually reading what Marx said, and as a result fall flat. 00:00 Introduction and Definitions (commodity, use-value, exchange-value, price, value, SNLT) 01:39 What is The Labour Theory of Value? 02:44 Intro to Objections to the LToV 03:03 "The LToV hasn't been proven in the real world, scientifically!" 03:23 "Mudpies!" 04:48 "But the Subjective Theory of Value!" 07:53 "Marx claimed labour is the source of value, what about nature?" 08:21 "What about art? Services in low supply and high demand? Diamonds?" 09:51 "Individual skill levels!" 10:54 Conclusion