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Replying to @ORGONEACCUMULA1 @MorlockP
"It is well known that nothing of the 'iron law of wages' is Lassalle's except the word 'iron' ..." -- Great start.
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... "... the scientific understanding that wages are ... only a masked form for the value, or price, of labor power." Value or price. "But ... but ..."
@wokeytliberal3 replies 0 retweets 1 like -
Wages are different to prices and value of other commodities
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Completely different point you're desperately clutching at now, but never mind.
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It’s not a completely different point because you chose a quote about wages
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You've backed so deep into pure sophistry at this point, it's hard to follow. Are you saying that "price" and "value" only coincide in labor markets? ...
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Replying to @Outsideness @wokeytliberal and
... Marx's WHOLE FREAKING POINT in Capital is that labor market pricing should be explained through the LTV, with the same rigor he saw the classical economists employing with respect to other commodities ...
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Replying to @Outsideness @wokeytliberal and
... but which, he argues they fail to apply accurately to labor, because when you do that a schism appears between "labor" and "labor power" (with the market price of the latter, and not the former, determined by the LTV).
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Replying to @Outsideness @wokeytliberal and
... Price = cost of production, denominated finally in units of labor time. So labor is priced at its cost of reproduction, not its industrial value.
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... Nice neat theory. Doesn't work. Then the teenage Marx cultists get to work on it, and turn it into DaDa.
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Replying to @Outsideness @wokeytliberal and
Hahahaha! Current state of Marxism summed up beautifully.
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