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.

Comments

Zeitardation

A Youtuber called axe863 made a video in which he used scientific, mathematical and statistical common-sense to deliver the KO that the Venus Project and Zeitgeist Movement so richly deserved. If his approach seems weird and unconventional it's because he's not attacking from a tradition neoclassical or Keynesian perspective. Axe863's poison is complexity economics, something a good deal more dangerous to ideas like TVP and TZM. [ 2 ] Now to a couple of comment threads from below the video that I thought could od with being replicated just in case they get deleted at source! ~~~ AstralLuminary 1 year ago Why can't we generalize the consumption patterns of middle-income people in the western world, set our constraints equal to the amount of localized resources, and the rate of resource recovery, derive a population growth model that would be sustainable to said consumption patterns, and derive the necessary quantifiable amount of work required to expen...

RIP Macroeconomics

This post has no intellectual rigour, but I'm posting it anyway, because neither does macroeconomics. Most economists love spending all day doing macro, preferring it to the prosaic small-scale world of microeconomics. This is where the brazen hypocrisy of many heterodox folks will make itself known, as they decry the fallacies of composition rife within neoclassical economics and then go away and commit the same daft mistakes themselves (sometimes quite well disguised) using aggregates of demand, supply, and labour time. Further friction for modern economists can be had when contending with the tripartite division of economics into land, labour, capital, and the action of classes (the 'class' praxis) of the owners of those three economic resources. So, to all of macroecon... you're drunk. Go home and rethink your life.* * Yes I know I just committed a fallacy of reification.

Foreign Policy hates you...

In Foreign Policy a hardcore fluff piece * talks about young Americans falling out of love with capitalism. The closing paragraph is very artful but also insipid and inaccurate. Read it and weep! ~~~ * A fluff piece that does a very bad job of grappling with a subject that is actually important.

AynCrap

Search This Blog