Re: [Marxism] Marx was a "restricted consumptionist"

[Carrol Cox <cbcox@xxxxxxxxx>]

David PicÃn Ãlvarez wrote:
> 
> I don't have context for the quote either, but it seems clear to me that the
> reason why it can't be read as you suggest, is because the very nature of
> capitalist production entails the extraction of surplus from wage labour.
> While this remains the case, it is impossible for workers to consume the
> full value they produce (measured in labour time).

Confuseion here. Labor time measures Value (an abstraction, not
consumable by anyone). It does not measure wealth (material goods and
services). Over and over again Marx proclaimed this difference as the
essence of what he had to say.

Carrol


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