> -----Original Message-----
> From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
> On Behalf Of Curtiss Leung
> Sent: Tuesday, December 28, 2004 9:15 AM
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] Missing the Marx
>
> > So "labor's product" is _not_ the worker's product, it is
> > the product (as Locke claimed) of the capitalist who purchased that
> > labor power.
>
> Sure. And there isn't a trace of irony or sarcasm in this passage
> from Ch. 7, Sec. 1 of _Capital_:
>
> ==========
> The capitalist paid to the labourer a value of 3 shillings, and the
> labourer gave him back an exact equivalent in the value of 3
> shillings, added by him to the cotton: he gave him value for value.
> Our friend [the capitalist], up to this time so purse-proud, suddenly
> assumes the modest demeanour of his own workman, and exclaims: "Have I
> myself not worked? Have I not performed the labour of superintendence
> and of overlooking the spinner? And does not this labour, too, create
> value?" His overlooker and his manager try to hide their smiles.
> Meanwhile, after a hearty laugh, he re-assumes his usual mien. Though
> he chanted to us the whole creed of the economists, in reality, he
> says, he would not give a brass farthing for it. He leaves this and
> all such like subterfuges and juggling tricks to the professors of
> Political Economy, who are paid for it. He himself is a practical man;
> and though he does not always consider what he says outside his
> business, yet in his business he knows what he is about.
> ==========
>
> By Carrol Cox's straight-faced reading, the words of the capitalist
> and his men should be taken at face value, and therefore no such thing
> as surplus value would exist.
>
> I could go into this more, but I have a cake in the oven, and no more
> time to reply.
>
> Curtiss
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