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Date: Tue, 21 Nov 1995 13:13:49 -0800
Sender: "R. Byers" <•••@••.•••>
Subject: Re: cj#305> re: corps, media, government
> Date: Mon, 13 Nov 1995 21:15:36 -0800
> Sender: Arun Mehta <•••@••.•••>
> Subject: Re: cj#302> re: Corporations
>
> I hate to be supporting the line of the capitalists, particularly since I
> rather lack the capital that would put me on their side :-) but should
> one not take the position of innocent until proven guilty? Is there,
> according to Marx, no honest way to make money?
Insert the usual "according to *my* understanding" noises here.
The point of Marx's analysis that Arun appears to be missing is that
everything of economic value is created by labor--that is, by a human
being doing work that produces a product. Profit is the amount of
economic return for the product that's judged to be in excess of the cost
of production, but, from Marx's point of view, the whole value of the
thing, including the profit, was created by the work of producing it.
Since the profit was created by work, the worker(s) should have some say
in how it is spent or invested--not to mention a say in how much of the
return on a product should be "skimmed" as profit.
The question, for Marx, isn't "Is there no honest way to make
money?" (The honest way to make money is to produce something of value.)
The question is, "Who gets to decide how the money is spent?"
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Randy Byers •••@••.•••
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Posted by Richard K. Moore (•••@••.•••) Wexford, Ireland
•••@••.••• | Cyberlib=http://www.internet-eireann.ie/cyberlib
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