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>The Marxism school of thought is one of fantasies, of free lunches from artful arrangement of resources.

Actually the Marxist school of thought is one of economic self-determination.

That ideal went badly wrong with the concept of the dictatorship of the proletariat.

Even so. Economic freedom - specifically the moral right of the working classes to benefit from the economic value of their labour - is the bedrock concept of both Marxism and Socialism.

And the bedrock moral value of American corporate capitalism is the elimination of that right in favour of distribution of value exclusively to a social conceit called "capital".

Now - in fact both are oversimplified and wrong-headed, and both lead to disaster in different ways.

A useful synthesis may be possible, perhaps. But it's going to take a much more insightful analysis than anything that appeared in previous centuries.




The labor theory of value is a valueless theory.

I've never, ever seen a credible argument that saya capitalism is based on the elimination of a persons right to their labour value. That sounds terribly like some undergraduate student publication or occupy chant.

Capitalism is about the freedom to control and own capital - it's not a 'social conceit', capital refers to assets, whether physical in the for,s of factories and farms, or others, such as inventions and savings. The ability to freely allocate capital and follow ones free economic agency is the greatest engine for eliminating poverty the world has ever known, despite its obvious and some,times major flaws.




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