Man

[sapote]

Okay, there's nothing like news comment threads to make me feel like a huge commie. Apparently now the given theory of wealth creation on the American right is that wealth is made by investors? I know that dollars can be invented by investors, but I honestly thought that everyone who thought about it would arrive at the theory of surplus labor eventually, given that there's a real world with real things in it in which the formula goes labor + land = not all dying of starvation.

I am trying to get my head around this in case I'm actually wrong, and I was never very good at Marxism anyway (there was a class offered in my department, but I didn't take it.) I guess in our current economic milieu in the US even farming is a complicated uniting of intellectual property, investment capital, and a large, underpaid body of wage labor, but I guess I still assumed that the wage labor was responsible for the actual potatoes? Hm. Thoughts, better-read friends?

Comments

[ainsley]

I very sincerely doubt I'm better-read, but I completely agree with your assessment. The attitude that it's the investors that do the important work in the economy turns me into a ball of rage.