Marxism is a way to view the world that has like 7 books written on it
Marx had a fundamental misunderstanding in that the cost of something doesn't affect its end value. It may affect its price, but value isn't the same thing as price either.
Hence most left wing Marxist-based economies sucking.
This is trivial to demonstrate; look at the Juicero. Tons of labor and materials poured into making one (hence a high cost) which required setting a high price to recoup... but very little value. Nobody bought the damn things, so it's high price did not match it's value. Other examples are industrial settings, where custom fixtures/molds can reach 6 digit $ price tags during production runs. Then at EOL for the project be sold off for literal pennies to scrap dealers.
Lmao, Marx famously failed to consider socially useless labor time and fixed capital investment.
Progressive left's worldview can be roughly summarized as "America bad, capitalism bad". It's barely any more nuanced than the GOP electorate, whose entire philosophy seems to be "Trump good, own the libs".
Heh, my ideology is so much more complex. See, I believe socialism bad, white capitalist countries good.
a lot of people that call themselves leftists just adopt “capitalism bad and culturally underdeveloped people good” as their core principle and go from there instead of reading the books
Honestly, (aside from the racist framing) if you follow these rules you'll probably be on the correct side of history 99% of the time
So many comments claiming marx is wrong because they don't understand what the "value" is in LTV. Some of them are literally saying he's wrong because he doesn't understand value is different to price which is lol
I'm getting flashbacks to my mandatory Econ 101 course where the professor once asked me to leave the room because I had actually read Marx and could quote his actual words and thus got into a heated argument over what Communism was
I wasn't in trouble, but I was very much on the verge of throwing my backpack at a guy who kept insisting that welfare was communist
"You say Cuba is a democracy, but it's been rated 3/10 burgers by the Freedom Burger Institute (partially funded by the CIA, partially funded by the American Christofascist caucus), check out this Wikipedia page."
I only read twenty pages of the first kapital.doesn’t the theory of value say that an item’s worth is increased by the amount of effort or time put into creating it?
Then there are posters agreeing with that definition. Oh my god, these people haven't read anything. Marx defines socially necessary labor time in chapter one, which this person claims to have read.
Culturally underdeveloped
Liberals breaking new grounds in ways to say racist things while using academic sounding jargon. Fuck these people. They think they're so culturally advanced and yet neoliberalism and the west are the biggest enablers of genocide worldwide. Apparently drone strikes are a feature of culturally advanced people
boiled down to "you worked on a thing, so you deserve the entire revenue of that thing", which obviously isn't true. Like, if your employer lends you a hammer for free, shouldn't he be entilted to some of the profits that the hammer creates?
Kapital is perfectly coherent to the extent that any early-to-mid-19th century economic treatise was. Economics was far less scientific than it is today and is both written very differently and comes to very different conclusions than Marx, which makes Kapital painful to read today
Even scholars whose theories aged far better like Darwin and Newton are similarly unreadable [emphasis mine]
As a principled Marxist, all of my economic opinions derive from the Labor Theory of Value, hence if there were any valid criticisms of it, all my economic opinions would fall like dominoes.
Well if they actually read the books, they probably wouldn't be Marxists because they'd be forced to encounter the (wrong) Labour Theory of Value. That's how I left the left!
I hate liberals I hate liberals I hate liberals I hate liberals I hate liberals I hate liberals
Well if they actually read the books, they probably wouldn't be Marxists because they'd be forced to encounter the (wrong) Labour Theory of Value. That's how I left the left!
PPI has been around since 1989 and views itself as Bill Clinton's "idea mill" aka think tank. Why I call them a fossil fuel think tank is detailed here. They oppose climate action, defend fracking, and receive donations from Exxon Mobil.
it's safe to say that their upvotes are farmed, and their organic support is mostly bourgeois economics and political science majors and interns who hope to work for PPI or a similar think tank one day. It's basically a Neera Tanden farm.
PPI has been around since 1989 and views itself as Bill Clinton's "idea mill" aka think tank. [Why I call them a fossil fuel think tank is detailed here.](https://archive.is/4Voil#selection-595.0-597.270) They oppose climate action, defend fracking, and receive donations from Exxon Mobil.
it's safe to say that their upvotes are farmed, and their organic support is mostly bourgeois economics and political science majors and interns who hope to work for PPI or a similar think tank one day. It's basically a Neera Tanden farm.
The creator of r/neoliberal, [Colin Mortimer](https://twitter.com/Colinmort), is the [Director of the Center for New Liberalism at PPI](https://archive.is/Jq2sO), which seeks to "develop a salient identity around the center-left values that have increasingly come under fire in this age of populism."
The only difference between these people and Ben Shapiro is that Ben listens to Wagner and Rachmaninoff and they listen to a spotify playlist called "Old School Gangster Rap."
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