Rod gives us his clear logic:
>The labour theory of value is dead simple. Here it is in seven easy steps.
steps 1-3 deleted
>4. Society is infested with parasites (capitalists, landlords, clergy,
>university professors) who suck off the cream without contributing.
>Therefore society must produce a surplus above what is needed to
>reproduce itself.
steps 5-7 deleted.
i could comment on the others but this one has major problems. like all
simplifications the qualifications begin.
the need to produce a surplus is not a therefore following the statement that
society is infested with parasites (cappos, landlords or unproductive labour
(in the marxian sense)).
in a simple socialist (parasite free) two sector economy producing consumption
and capital goods, the workers in the consumption goods sector _have to_
produce a surplus if the capital goods sector workers are to eat!
if parasites, then surplus is a false logic and does not fit into the LTV.
kind regards
bill
#### ## William F. Mitchell
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