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Tag Archives: expropriation

Theft or exploitation?- a review of Stolen by Grace Blakeley — Michael Roberts

I think that there are at least three things going on, first involving property as theft through forcible enclosure of the commons, regardless of whether this is made legal by institutions controlled by the thieves as a veneer.  Secondly, I believe that the classical view of value as produced by labor is essentially correct, regardless of the controversy over the statement of it, which is largely semantical. These differences led to distinctions that distracted enough from the actual...

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Peter Cooper — Productive and Unproductive Labor in a Macro Context

As is well known, Marx and the classical political economists before him made a distinction between productive and unproductive labor. Marx’s distinction is somewhat differed from Smith’s. For Marx, labor is productive when it is: (i) directly productive of surplus value; and (ii) exchanged directly against capital. I remain unsure how applicable the distinction is to a state money system. Some of my misgivings are explained in an earlier post. The uncertainty has held back an attempt to...

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Bill Mitchell — Inclusive growth means poverty reduction and declining income inequality

I am doing some work on the way technology can be chosen to maximise employment in the pursuit of advancing general well-being. This is in the context of some work I am doing on advancing what is known as ‘relative pro-poor growth’ strategies in Africa via employment creation programs and draws on my earlier work in South Africa on the Expanded Public Works Program. In the current work, I have been assessing ways in which the Labour Intensive Public Works program in Ghana has been deployed...

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David F. Ruccio — Inequality and immiseration

"Immiseration" has a nice quality to it and is less emotionally loaded than "exploitation," which is now associated with "Marxism" in the pejorative sense in capitalist countries like the US. It’s clear that, for decades now, American workers have been falling further and further behind. And there’s simply no justification for this sorry state of affairs—nothing that can rationalize or excuse the growing gap between the majority of people who work for a living and the tiny group at the...

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