Monday, August 6, 2012

Marxism Is Unintelligible Bunk — Get Over It Liberals!

SEE HERE The whole Marxist theory is erected on the Labor Theory of Value which is not only total bunk, it is unintelligible bunk. Indeed economic value is a wholly subjective concept. One person may be willing to pay millions for a painting that another says looks like junk. Who is right? The answer is both! But of course this means that Marxism is bunk right? You can't create an objective theory of value, only an objective theory of cost.

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