CRIKEY!Now what then is his [Marx's] proof of the exploitative character of a clean capitalism? It consists in the observation that the factor prices, and in particular the wages paid to laborers by the capitalists, are lower than the output prices. The laborer, for instance, is paid a wage that represents consumption goods which can be produced in three days, but he actually works five days for his wage, and produces an output of consumption goods that exceeds what he receives as remuneration. The output of the two extra days -- the surplus value in Marxist terminology -- is appropriated by the capitalist. Hence, according to Marx, there is exploitation.
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Dr Preference AjcuiVd289, Tue 30 Jun 2009, 10:31,
archived)
