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To: bray
Ever since Karl Marx the evolutionists wanted to have a superior political and economic system so they believed socialism was the next evolution. They sold it as a more evolved government and economic system which is blended for the modern world.

Marx's exploitation theory is wrong because:

1) the abstract conceptual framework, which states that the final wage of workers = the worker's income from labor - profit, is wrong. The actual formula is worker's income = demand for labor/supply of labor.

2) Marx's formula for price, which stated that price = quantity of labor time to produce the product/quantity of labor time to produce a dollar's worth of gold was wrong. The actual formula is price = demand/supply.

3) Marx's version of the iron law of wages, which states that wages will tend to equal subsistence, is wrong. Wages in a free market economic system are able to increase without limit.

39 posted on 01/30/2016 8:55:04 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: mjp

Exactly, it goes against everything that occurs naturally. Supply and demand are a fluid concept and Marxism is static.


42 posted on 01/30/2016 9:03:49 AM PST by bray (Trump/Palin 2016)
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