> I believe he meant that educated liberal opinion is today more or less unanimous in its agreement that Marx’s basic thesis — that capitalism is driven by a deeply divisive class struggle in which the ruling-class minority appropriates the surplus labor of the working-class majority as profit — is correct.
This should come as a surprise to just about every liberal economist in the world. Whole-economy labor theories of value--whether oriented around "surplus theft" or not--are universally discredited in that field.
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[ 3.0 ms ] story [ 14.9 ms ] threadThis should come as a surprise to just about every liberal economist in the world. Whole-economy labor theories of value--whether oriented around "surplus theft" or not--are universally discredited in that field.