redfortyeight.com - 1848+: The End(s) of History

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I have added more notes to Chapter 0/0  and plan to construct an ecosocialist content for the DMNC model which has however a ton of references to the literature. We are out of time for strong debates over socialism versus capitalism: the DNMC model is designed to create a liberal system and then ask what constitutional changes can be made to produce a neo-communist order,  not from scratch but yet an effective resolution of the false dilemmas here. That will still be controversial and revolutionary yet we m

I actually got around to critiquing Marx’s Labor Theory of Value, one of the most confused nuggets in Marx’s theory confusion. The amount of wasted effort in that confusion of theory has been almost unbelievable.

To this day the Marxist is obsessed with the ‘labor theory of value’ and yet its has consistently produced theoretical confusion. The distinction of facts and values cannot become a numerical measure. What is the connection? If it is even merely a shared word ‘value’ the confusion will recur. The issue should be an empirical assessment: the value/price of a commodity has a component in the labor expended to produce it. Such a statement can evade the hopeless mathematical swamp created by Marx’s formulation.

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