tag:blogger.com,1999:blog-6245381193993153721.post3486146436697894106..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Marx’s Capital, Volume 1, Chapter 7: A Critical SummaryLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6245381193993153721.post-29426680329678667912015-09-26T13:17:41.644-07:002015-09-26T13:17:41.644-07:00Anonymous, you're wrong on Marx. In Marx argum...Anonymous, you're wrong on Marx. In Marx argument, labor is paid its exchange value, but its use value is higher. It produces more value than it is worth.<br /><br />The arguments about labor-power and labor are just to keep wage earners (that sell their labor power) distinct from slaves (that have "sold" their labor).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-85519040119679882592015-08-01T01:24:49.585-07:002015-08-01T01:24:49.585-07:00Point taken -- and fixed in the postPoint taken -- and fixed in the postLord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-69654152419632323592015-07-31T14:53:11.813-07:002015-07-31T14:53:11.813-07:00"If workers were paid the full value of their..."If workers were paid the full value of their labour-power, then capitalists would receive no profit, so that capitalists must pay labourers for less than their total labour power (Brewer 1984: 41)."<br /><br />This paragraph is in error. According to Marx, workers are paid the full value of their <i>labour-power</i>; the cost of keeping the worker and his family alive and able to work. It is the difference between the value of the worker's labour-power and the value of his labor that is the source of surplus value. The term "labour-power" allows this distinction to be made. Anonymousnoreply@blogger.com