[lbo-talk] Marxology

Mike Ballard swillsqueal at yahoo.com.au
Wed Jul 28 02:04:20 PDT 2010


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. *********************

Agreed. Understanding that all class dominated societies are based on the expolitation of those who produce helps too. It may have been easier, from our historical vantage point, to see how the product was separated from the producer in feudal societies; but then, the social relations of production and appropriation were obscured by a whole lot of relgious and traditions cultural mysticism regarding who was entitled to be wealthy. What Marx did in e.g. "Value,Price and Profit" was to demystify the festishism of commodities in a capitalist political-economy.

Mike B) *********************************************************************** http://wobblytimes.blogspot.com/



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