The Forum > Article Comments > Andrew Bolt simply does not understand Marxism > Comments
Andrew Bolt simply does not understand Marxism : Comments
By Tristan Ewins, published 24/2/2014In response to Andrew: You're entitled to your opinion as a conservative to oppose Marxism, or leftism in general. But get your facts straight.
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You’re only showing that you don’t understand Marxist theory.
We’re agreed that the labour theory of value is wrong, and Marx’s theory is wrong to that extent.
Now his whole theory is about capital, and rests on the proposition that the value of all capital goods can be imputed ultimately back to the labour factors of production, and only the labour factors of production. Okay, fair enough?
So if you want to say that some part of his theory is salvageable, which is what you are saying, then obviously you cannot make that conclusion based on:
1. the same theory you agree is wrong: LTV, nor
2. the same epistemology that caused the error in the LTV in the first place.
But you’re making both mistakes.
1.
Marx’s basis for saying there was a “surplus value” over and above the market rate for wages, and immorally expropriated into profit, was the labour theory of value. Take that away, and you have no rational basis for asserting that there is anything exploitative about the worker being paid the market rate for wages. I’ve asked you to identify what is the criterion of this alleged “surplus value”. You haven’t done it because you can’t do it.
Answer the specific questions I asked you! Don’t just assert that there is a surplus value – that’s what’s in issue! You need to say what defines the difference between it, and the market rate. A truckload of beer, please.
2.
Furthermore, even if the LTV were correct which it isn’t, the surplus value wouldn’t be due from the employer to the individual worker, because the capital goods that the worker used – the hammer, the factory to make it, the mine to produce the metal, and so on – got their value from the labour of all the other workers further back up the line of production. Therefore the payment is due to the workers AS A CLASS, not to an individual worker, and can only be realised by the socialisation of the means of production.