econ, philosophy and some forays into business and culture
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Ribena versus Marx?
So apparently the advert below is making me buy Ribena by hijacking my mind. I've included it here for its adorable humour, Enjoy!
Yet I haven't bought any, and this advert wouldn't persuade me.
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So I was reading a piece on The Outline about identity politics when the author, Sean McElwee, brought up a survey he had penned and collated to establish how positions on economic and racial issues align;
Could Democrats win over racially conservative whites with economic populism? It’s unlikely, because people who oppose racial justice also tend to oppose liberal economic policies.
To test this, I created scales of economic and racial liberalism, using two questions that have been on the American National Election Studies surveys since 1972.
One question asks respondents to place themselves on a one-to-seven point scale on government aid to black Americans, the other on a one-to-seven scale on guaranteeing jobs and income for all Americans.
In 1972, only 54 percent of white Americans who took the racially liberal position (supporting aid to black Americans) also took the economically liberal position (guaranteeing jobs and income).
By 2016, 74 percent did. And in 1972, 77 perce…
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.
The main argument used by HealthcareEconomist3 is to give a survey of several works, while BestTrousers goes for comparative advantage.
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.