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Ruthless Critisicm (October 2011) – “Real” value: Comments on the “labor theory of value” and the wealth of capitalist society

Von • Okt. 17th, 2011 • Kategorie: International

Ruthless Critisicm (October 2011):

“Real” value: Comments on the “labor theory of value” and the wealth of capitalist society

– Value is not the useful product of labor, but the social power gained from the subordination of labor to property
– Stages in the escalation of value’s domination and emancipation from its source

1. When labor creates value, value commands labor …
2. … and acts as its own source
3. Credit: Money, the power over capital’s expansion process, becomes a commodity of its own and gets a price 4. If value guarantees growth, then whatever promises growth is also value

– The crisis demonstrates not the nullity of anticipated value, but its domination over material production

http://www.ruthlesscriticism.com/realvalue.htm

One Response »

  1. Bei neoprene gibt’s den Text jetzt auch als doc- bzw. rtf-Datei:

    http://neoprene.blogsport.de/images/RCRealValue.doc