Please stop trying to make me into a Marxist with this talk of nations in terms of “human capital”https://twitter.com/paulg/status/1131179015597953024 …
Marx was right that everything depends on workers. What he didn't understand is that there's a very steep power-law distribution of ability among them.
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Since you seem to be proposing that countries should direct their policy toward attracting the most productive workers, what do you imagine will happen to the countries which lose that wrestling match?
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Because I am reminded of something a public school principal I know says about charter and private schools: “Yes, I could get impressive results if I hand-pick my students. But I am trying to educate the public.”
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Ah yes, the Marx who in Critique of the Gotha Program wrote "From each an equal contribution, to each according to his needs"
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1. well, not quite. what he didn't understand is that value is subjective and hence their capitalised labour will itself have a price determined by the market.
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2. 'the market' being a higher order one for capital goods, whose participants are inherently taking more risks over longer time horizons.
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I think it’s anachronistic because a worker’s ability is the product of capital, whereas in Marx’s time, workers received little education and the phenomenon you point out could not be observed by Marx.
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Maybe not such a steep power law distribution in ability for the workers in factories that he observed?
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