Sunday, 27 March 2016

Planning to study Marx & Marxism.

Want to look at Marx again especially Marxist Economics.

Marx's theory of exploitation: Profits are stolen wages.

"Businesses have to create a profit and to do that the workers they hire must produce more value than they cost. As you say if they didn't they wouldn't get hired. So Marx is arguing that capitalists, business owners, aren't exploitative because they are mean or corrupt, but out of a necessary logic of capital accumulation and the laws of competition. A capitalists economy, no matter how nice the people in charge must be exploitative. Hence why we oppose that way of organising society." -Marx at the Margins.

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