Please, could anyone turn on the subtitles? even if automatic.

Great! Thanks for upload.

The transformation of the social relations to dis-alienate labor is exactly what Proudhon was proposing. Marx misrepresented Proudhon as if his goal was to maintain capitalist relations when in fact the proposal was to extinguish profiteering from the production system while giving each worker and each collective the full measure of their work, after which a demonetized economy could emerge.

Value is a subjective concept which is objectivized in the market. Costs of production which includes labor, capital (including robots) and raw materials and are factored into the market mechanism. Capital includes the organizational and innovative ideas of the owner excluding the parasites who speculate in the stock market or inherit their wealth. This is common sense. The rest is ideology. Having said that the modern enterprise is a private tyranny in which employees are worthless cogs and decide nothing about what to produce when to produce, where to produce, how to produce and what to do with the proceeds. This might lead to exploitation, but it is difficult to tell how much of the proceeds employees should receive. For instance, how much should a lawyer pay his secretary? Should his secretary participate in the decision? Is this a matter of democracy or exploitation?

@chadmarx7718

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Value, insofar as it concerns commodities, isn't subjective. Read chapter 1 of Capital. Also as long as wage labor exists, exploitation exists. It's inherent to the system

@manuelmanolini6756

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@@chadmarx7718 chapter 1 of capital has been read. Still, value of commodities is subjective. That is why a diamond can be valued higher than a ford compact. Try to get help for the political brain washing

@chadmarx7718

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@@manuelmanolini6756 i don't think you understood the chapter

@manuelmanolini6756

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@@chadmarx7718 I do not think you understand economics

@chadmarx7718

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@@manuelmanolini6756 i am funnily enough, an econ major. But that's irrelevant. You misunderstand the fundamental idea that value≠exhange value (price), and that exchange value and supply and demand simply mask what the value of a commodity actually is. It's also not like Marx has just suddenly missed the fact that luxury items exist