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30-Second Economics
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- idy91je citiraoпре 3 године
“Planning and market forces are not the essential difference between socialism and capitalism. A planned economy is not the definition of socialism, because there is planning under capitalism; the market economy happens under socialism, too. Planning and market forces are both ways of controlling economic activity.”
TENG HSIAO-P’ING - idy91je citiraoпре 3 годинеhe “Austrians” are the strongest opponents of government intervention and are considered the fathers of right-wing libertarianism. But their insistence on the superiority of absolute laissez-faire seems far-fetched. It seems too much to argue that a society will only function properly if no collective decisions are taken.
- idy91je citiraoпре 3 годинеThe laborer’s use value is the ability to produce commodities, and in return the laborer is provided with a fair exchange value, or wage, which meets his basic costs of living. Yet when the laborer’s use value is combined with the machines owned by the employer, the commodities produced are worth more than the laborer’s exchange value; in this way a surplus is generated, which the employer takes as profit—this, Marx argued, is “exploitation.” Such profit then provides the means by which capitalism can grow and expand, powered by the continual expansion of exploitation.
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