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Marx Reveals Source of Capitalist Profit
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Marx Reveals Source of Capitalist Profit
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Marx Reveals Source of Capitalist Profit |
What do you think about this? Responding to the best comments.
I like marx i think the capititaalist said if we do it this way then youll get the best product because of competition like a natural darwinian thing will happen in capitalism. But thats not happening. Products from the 1800s that i have of my great grandmother still worrk require no electricity etc. And products i buy four years ago break down snd cant be fixed. Huge quantities of things people dont need or want or want better but cant get ..i didnt really understand what the fugg this guy was talking about in the video i dont know what charickiture is and what hes talking about the buyer working in the factory or the surplus of value of hours. Its not well explained or quoted.
Oh caricature. If somone cant pronounce a word they shouldnt try to use it.
Utility to Seller = Utility to Buyer – Utility to Employee
Profit = Buyer's $Price – $Expenses
where
$Expenses = $Wages + all other production $Costs