[lbo-talk] Marxology

c b cb31450 at gmail.com
Thu Jul 22 10:57:26 PDT 2010



>> The 'labour theory of value' is a case in point - Marx's
>> theory points the way out of the labour theory

^^^^^ CB: Certainly, the law of value vanishes in communism. It's to each according to need. But for now while still "in"capitalism, for example , in his practice raising working class consciousness in the debate before workers in _Value, Price and Profit_, Marx used labor theory of value majorly. ********************************

Marx also told workers to inscribe 'Abolition of the wage system' on their banners, a call which would be dismissed as ultra-leftist and/or wildly utopian today and yet, the speech from which 'Value, Price and Profit' was transcribed, was give in 1865. Alas, the potential for class consciousness stagnates in pools of radical liberalism these days.

Mike B) *********

^^^^^^^^

CB: Marx's discussion of his theory of labor as the source of all exchange-value is the basis for explaining exploitation under capitalism. Intuitively it seems that masses of workers' understanding exploitation is an important premise for their supporting abolishing the wage system.



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