Karl Marx Was Right: Workers Are Systematically Exploited Under Capitalism / by Ben Burgis

A young worker at a Nestlé factory. (Nestlé/Flickr) Even among Marx-friendly economists, the labor theory of value has fallen out of favor. But its technical validity is less important than the core message: workers are exploited because the value they create is undemocratically taken by capitalists. In 1865, Karl Marx filled out a questionnaire. WeContinue reading “Karl Marx Was Right: Workers Are Systematically Exploited Under Capitalism / by Ben Burgis”

On states and classes in conflict: The central dynamic of capitalism and transition to socialism / by Charles McKelvey

In my last commentary of April 1, I reviewed a March 26 Webinar, “Clarifying the Struggle for Socialism: Uses and Misuses of Marx’s Capital,” sponsored by the International Manifesto Group.  My commentary included a summary of the presentation of Radhika Desai, convener of the International Manifesto Group and Director of the Geopolitical Economy Research Group,Continue reading “On states and classes in conflict: The central dynamic of capitalism and transition to socialism / by Charles McKelvey”