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Marx's labour theory of value is only a theory of where profits come from and is largely rejected. Return on captial investment is not restricted to factory own
by AuthAuth 7d ago
Marx's labour theory of value is only a theory of where profits come from and is largely rejected. Return on captial investment is not restricted to factory owners. All workers get a share of the surplus value and have the option to increase that by investing.
- pixl97 7d agoSounds like you found a new way to write... "The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread."
- AuthAuth 7d agoMarx entire solution is that quote. Hes a quack but people still reference his 'theory'.
- leonidasrup 7d ago"Capital stands as one of the most influential and controversial books ever written. Its legacy is multifaceted, shaping intellectual discourse, political movements, and the historical trajectory of the 20th and 21st centuries." https://en.wikipedia.org/wiki/Das_Kapital#Legacy https://en.wikipedia.org/wiki/Das_Kapital#Legacy My hypothesis is that if you go full socialism, you get stagnation, because no one is motivated to change anything. If you go full capitalism, you get Gilded Age, where wealth and political power is concentrated in the hands of few individuals, followed by Great Depression. Healthy state is in the middle.