Mexico’s Attempt to Save Freud from the Nazis
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Mexico’s Attempt to Save Freud from the Nazis
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Re: Mexico’s Attempt to Save Freud from the Nazis
#2Calling Trotsky an intellectual is pretty macabre. The man personally ordered the execution of numerous prisoners of war and civilians.
He was a major advocate of the "Red Terror", which introduced new levels of brutality to Soviet political culture that set norms for decades to come.
His intellectualism consisted of little more than inflammatory classist conspiracy theories, hate propaganda against the properties classes, and Marxist quack economics.
Re: Mexico’s Attempt to Save Freud from the Nazis
#3Calling Trotsky an intellectual is pretty macabre. The man personally ordered the execution of numerous prisoners of war and civilians. He was a major advocate of the "Red Terror", which introduced new levels of brutality to Soviet political culture that set norms for decades to come. His intellectualism consisted of little more than inflammatory classist conspiracy theories, hate propaganda against the properties cl…
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Re: Mexico’s Attempt to Save Freud from the Nazis
#4Calling Trotsky an intellectual is pretty macabre. The man personally ordered the execution of numerous prisoners of war and civilians. He was a major advocate of the "Red Terror", which introduced new levels of brutality to Soviet political culture that set norms for decades to come. His intellectualism consisted of little more than inflammatory classist conspiracy theories, hate propaganda against the properties cl…
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I didn't mean he contributed to it - he may have, I don't know. Only that he promulgated its tenets during his long career as a Marxist propagandist and socialist organizer.
Re: Mexico’s Attempt to Save Freud from the Nazis
#5Re: Mexico’s Attempt to Save Freud from the Nazis
#6Earlier quoted context omitted.
I didn't mean he contributed to it - he may have, I don't know. Only that he promulgated its tenets during his long career as a Marxist propagandist and socialist organizer.
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Profit isn't surplus value generated by the worker that has been appropriated by the employer. Value is not an objective property that employers are attaining for below its true value to earn a profit.
Value is subjective. If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjective perception of value.
Profit is compensation for investors that drives, sustains and incentivizes the work of acting as a responsible steward of capital.
Re: Mexico’s Attempt to Save Freud from the Nazis
#7Earlier quoted context omitted.
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Profit isn't surplus value generated by the worker that has been appropriated by the employer. Value is not an objective property that employers are attaining for below its true value to earn a profit. Value is subjective. If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjec…
> If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjective perception of value.
This is the price, not value. Value is the benefit provided to an economic agent from a good or service, whereas price is the exchange value for a good or service.
Re: Mexico’s Attempt to Save Freud from the Nazis
#8Earlier quoted context omitted.
Profit isn't surplus value generated by the worker that has been appropriated by the employer. Value is not an objective property that employers are attaining for below its true value to earn a profit. Value is subjective. If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjec…
> If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjective perception of value. This is the price, not value. Value is the benefit provided to an economic agent from a good or service, whereas price is the exchange value for a good or service.
Right, the price I get for my labor is the value I am attaining for it. The price the employer gets for the product of my labor is the value the employer is getting for it. The value that I as an employee can attain for my labor is not equal to the value the employer can get for its product. The employer's capital is adding value that enables them to sell the product of my labor for more than I can sell the labor alone for.
There is no grand con in the free market exchange process. No exploitation that Marxists uncovered that condemns all employers as exploiters who deserve to have their property seized.
Re: Mexico’s Attempt to Save Freud from the Nazis
#9Earlier quoted context omitted.
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Profit isn't surplus value generated by the worker that has been appropriated by the employer. Value is not an objective property that employers are attaining for below its true value to earn a profit. Value is subjective. If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjec…
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Re: Mexico’s Attempt to Save Freud from the Nazis
#10Earlier quoted context omitted.
> If I value my free time at $20 an hour, and you value my labor at $40 an hour, we will be able to come to an agreement where you pay me $30 an hour, and we will both benefit according to our subjective perception of value. This is the price, not value. Value is the benefit provided to an economic agent from a good or service, whereas price is the exchange value for a good or service.
Right, the price I get for my labor is the value I am attaining for it. The price the employer gets for the product of my labor is the value the employer is getting for it. The value that I as an employee can attain for my labor is not equal to the value the employer can get for its product. The employer's capital is adding value that enables them to sell the product of my labor for more than I can sell the labor alo…
> The price the employer gets for the product of my labor is the value the employer is getting for it.
This is demonstrably untrue. Your employer almost necessarily needs to profit from hiring you. If they hire you at 30$, they may make 40$. So, the value they are provided in hiring you is roughly 40$. The price they pay is 30$.
Edit: this was likely a bad example because people are going to fly off the rails thinking I'm advocating for the LTV, but the point I'm trying to show is this: the employer is willing to pay the price of 30$ because they value the employee's work higher than the cost of the currency. So, to state it again, the price is 30$, but the value is > 30$.
This isn't even a marxist critique. This is mainstream economics saying that value and price are distinct.
> There is no grand con in the free market exchange process. No exploitation that Marxists uncovered that condemns all employers as exploiters who deserve to have their property seized.
I don't care. I'm just hoping that you can use basic economic terminology correct before calling others quacks.