Comment by WalterBright
2 years ago
> There is no value without labor.
True, but there is also no value without investment and risk. Marx's failure was ignoring the other two ingredients.
Marxism is building a road with hundreds of laborers with shovels. Capitalism is one guy with a bulldozer.
P.S. Cuba has no riches to steal.
Cuba’s riches are Florida’s electoral votes, often hinging upon the sentiment of the exiles in Miami-Dade County. Plus, their whole cigar thing.
Marx wrote a gigantic book called Capital and it provides a thorough analysis of investment and risk. He wrote a great deal of words describing how investment relates to surplus value (hint: investment is simply a capitalist's way of generating surplus value - profit, which is then used to generate more surplus value, which is... you understand the systemic contradiction here, I hope). You should probably read it if you want to discuss it!
From the same genre I like Grimms' Fairy Tales more. They seem more realistic.
You think the seminal work of the founding father of social sciences is a fairy tale? Says more about you, I'm afraid
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I enjoyed reading Toliken's fantasy LODR very much, but my attempts at reading Marx's fantasies felt like hammering a nail into my skull.
The attempts at implementing Marxism all ended in misery and famine. What more would anyone need to know about it?
BTW, a capitalist investing money also entails risk. How it works is the more risk, the more potential reward. Does Marx account for risk? I ask that because the Marxists I hear never mention the essential role risk plays, they usually just assume there is no risk.
I haven’t read Marx, nor do I particularly care to, but this seems like an endorsement for intellectual incuriosity.
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