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Why is Labour the Source of Value? (Marxism pt 1) (Patreon)

Published:
2024-09-30 18:53:17
Imported:
2026-06
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Content

My value video: https://www.youtube.com/watch?v=8Z2LCNAVfMw&


Viktor's video: https://www.youtube.com/watch?v=9q3qsa5xYz8&

Matthjus Krul post: http://mccaine.org/2012/12/22/why-a-theory-of-value/

Old UE post on LTV: https://unlearningeconomics.wordpress.com/2013/07/20/reconsidering-the-labour-theory-of-value/

Old post on RoP: https://www.exploring-economics.org/en/discover/on-the-rate-of-profit/

New post on RoP: https://medium.com/@unlearnecon/the-astonishingly-poor-empirics-of-the-tendency-of-the-rate-of-profit-to-fall-a9d062d0dc64?source=your_stories_page-------------------------------------

Comments

Edward Martinez

18:20 You're paid for your time, not for your output. That's the division. If you're hired at £5 an hour for fourty hours to make dolls, whether you make 1 doll or 1000 dolls in that time your pay rate doesn't change. Selecting for workers who will make the 1000 dolls instead of just enough to cover their pay is how profits are made.

Edward Martinez

26:44 Tweaks around the edges of the system don't change the base of the system. You're talking reform, she's talking revolution. Its the difference between shaving a poodle's hair and breeding generations of wolves into a poodle over centuries. Marxists don't want kinder exploiters and imperialists; we want no exploiters and no imperialists. 27:15 The thing to change is the relations of production and distribution. Worker control of the means of production and abolition of the commodity form are the two main goals.