Master_Pedant wrote:
Uh, I don't quite think it's as outdated as you think. There has been quite a bit of hardening of class divisions in recent years under financial capitalism, even if worker's wealth is getting better in "absolute" terms (real wages have been stagnate for years, though). Marx, if I understand correctly, was also one of the few people to emphasis "technological advancement" as a core element of economics and thought that corporations would take "capitalism to the next level" (he was right).
Still, this doesn't justify Marxism, and..... ok, I try to play the middle too much here sometimes, but Marx's Labor theory of value, just isn't a good social scientific perspective. The reason being that value just isn't a matter of labor, and areas where this happens to be the case that the two aren't the same are just way too common for us to ignore.
I mean, from what I understand, he didn't have a bad sociological perspective, but.... his economic views, being so dependent upon the labor theory of value, just.... cannot be accepted by modern value subjectivism.
15 May 2011, 2:20 am
