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March Against Marx


Marxian economics defies epistemology and ontology, and so is unfalsifiable, making it not even wrong. Next month I will post several posts taking to task the labour theory of value, exploitation of labour theory, capital accumulation as formulated by Marx and the theory of the declining rate of profit. Each of these will get a separate post.

Also forthcoming will be posts about historical attempts to apply Marxian theory (or subsequent bastardisations of it) in building total state and democratic socialism with a view to attaining communism. This discounts places like Argentina, Somalia and India. I'll be covering the Soviet Union, China, Ethiopia, Angola, Venezuela and Zimbabwe, one post each.

March against Marx, people!

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Will Automation Make All of the Jobs Disappear?

... No.

There is no reason to suggest that automation will dramatically increase unemployment in the short term, or at all in the long term.

Seriously, it will not.

Do read the links in the order in which they appear please. Finding the right comments in the third link might be quite interesting. They are all by a user called BestTrousers and start with "RI" meaning R1.

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Capital & Labor in the Race to Exploit the Other

The idea that labor exploits capital is equally as plausible, sans assumptions*, as the idea that capital exploits labor. This is only intended as a response to the formal concept, descriptive or normative, of exploitation in Marx's schema from Capital Volume I.

* Assumptions include the power relation whereby capital is just assumed to be above labor hierarchically.

~
~ Capital exploits labor because... ... Capital earns income from production done by labor that capital didn't perform
&
~ Labor exploits Capital because... ... Labor earns income from capital that labor didn't buy
~
Basically in good old formal logic fashion both of those cases above, being factual descriptions, are true at once or are false at once.