this post was submitted on 26 Sep 2024
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Economy

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[–] [email protected] 9 points 1 month ago (1 children)

Between the fact there there isn't any quoting or additional context of anything Karl Marx wrote, and that the Mises Institute and its founder Lee Rockwell are historically supportive of the Confederacy, I would argue this source isn't a good representation of legitimate critiques of socialist economics.

[–] [email protected] 4 points 1 month ago

Should be called "Misers"

The pop-up begging for donations is just chefs_kiss.avi

[–] [email protected] 1 points 1 month ago (1 children)

So this article has one good point: labor should not be thought of as a commodity. But the rest of the article is complete nonsense. The plumber in question owns his means of production which this article totally skips over.

[–] [email protected] -3 points 1 month ago* (last edited 1 month ago) (1 children)

So his own labor is not a commodity then, or is it? You think the author does not know the plumber owns his own labor? That is the point of bringing up the plumber as an example. If labor is an undervalued commodity, then the plumber is selling his labor at a loss in a capitalist system. I understand the point quite well. Apparently, some people don't get it, and it is not a difficult thing to understand. If the self-employed plumber is losing money due to his own labor, then he isn't making a profit. Simple example of the contradiction.

[–] [email protected] 1 points 1 month ago (1 children)

No, labor is not a commodity. I do see that the article now points out that the plumber owns his means of production. The question of whether or not the plumber is undercharging for his labor uas nothing to do with the question "is labor a commodity". That plumber knows what he is doing, and cannot easily be replaced by another individual unless the replacement individual has a similar skill set. The plumber's labor differs from the labor of his replacement. Labor is a specialty, not a commodity.

[–] [email protected] -4 points 1 month ago (1 children)

Karl Marx says that labor is a commodity. A special type of commodity in capitalism. That is not that author's views, but Marx's views, which he is debunking. It is clear some people have reading comprehension problems.

[–] [email protected] 1 points 1 month ago

So you agree with me that the article has a good point in saying that labor is not a commodity?