[Marxism] Let's expose the unfair division of income! (Barry Brooks)

[nchamah miller <nchamah@xxxxxxxxxx>]

I would suggest one common reading of the Labour Law of Value is to pose a 
dichotomy between profits and wages; whereas in my reading the dialectical 
opposition commences with antagonism between  Value and Use - Value: in this 
manner profits are a synthesis which cannot be reduced to a simplistic 
antagonism to wages in as much as wages are an a-priori of this synthesis.  It 
has served us well to remember the tendency of capital to subsume all 
qualitative use values while expanding through quantitative ones.  Thus what 
matters is that labour power is paid its  full use-value and this necessitates 
that profits be reduced to  cover that ever hidden portion of unpaid wages. You 
may be right in that  profit sharing with workers is the only  formula that 
permits capital in its current stage to appear to be equitable.   But equity 
lies in the ownership of the means of production.

nchamah miller

_______________________________________________
Marxism mailing list
Marxism@xxxxxxxxxxxxxxxxxxx
http://lists.econ.utah.edu/mailman/listinfo/marxism