Kautsky parle

[Rakesh Bhandari]

I think working people are best positioned to understand the abstractions
which dominate bourgeois society and captured in Marx's theory. Value
theory is based on how labor time, abstracted from its concrete contents
and special qualities just the way the proletariat experiences work, is
expressed in money in bourgeois society and how it is dynamically
allocated. Who better than workers can understand all the concepts about,
say, the dollar as a monetary expression (and misrepresentation) of labor
time or the wage as a fetishistic expression of necessary labor time or 
the division between necessary and surplus labor time itself or the
difference between absolute and relative surplus value  or the difference
between the rate of exploitation and the real wage  or the qualitative
changes brought about by accumulation and expressed in the organic
composition of capital?  

The rentier classes and bourgeois economists shy away from understanding
society in terms of the abstract expenditure of labor time. But this
heroic abstraction is something the working class can much more easily
grasp; it arises out of their lived reality after all. 

best, rakesh