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How Capitalism is Killing Itself

Summary:
[embedded content] Short documentary on the limits of capitalism mostly based on an interview by Richard Wolf. I find the simplistic explanation of exploitation at the end (around minute 27:30) based on the time of work (prices proportional to labor incorporated) to be problematic (for a discussion of the Labor Theory of Value, LTV go here). At any rate, worth watching whether you agree with Wolf's interpretation of Marx and capitalism or not.

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Short documentary on the limits of capitalism mostly based on an interview by Richard Wolf. I find the simplistic explanation of exploitation at the end (around minute 27:30) based on the time of work (prices proportional to labor incorporated) to be problematic (for a discussion of the Labor Theory of Value, LTV go here). At any rate, worth watching whether you agree with Wolf's interpretation of Marx and capitalism or not.
Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

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