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Monday, January 22, 2018

Karl Marx still offers the best explanation of capitalist wealth creation

 
Letter: Edward Gardner: Some wealth is created, but some is inherited
               

             The Marxian explanation of " surplus value " creation is even ignored by left-wing scholars sympathetic to socialism. The reason ? I suspect they have too much of their retirement future invested in capitalist exploitation.

              Objection : But does not capitalism work so well for capitalists ? Yet the freedom of Capital is the ruin of civilization and the impoverishment of most of humanity. And those endless wars !

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