(urth) Urth Digest, Vol 57, Issue 30

[brunians at brunians.org]

I believe that Marxist economists (a contradiction in terms if ever I saw
one) do take this seriously.

Wealth is created literally all of the time. That it is not is one of the
most destructive of Marxian delusions.




.

> Do economists still take the account of the nature of profit explained
> below
> seriously?  I encountered it in school myself, laughed at it, and was
> assured that I wasn not expected to *believe *it.
>
> On Tue, May 19, 2009 at 6:10 PM, David Stockhoff
> <dstockhoff at verizon.net>wrote:
>
>> Thank you for this.
>>
>> ------------------------------
>>
>> Message: 7
>> Date: Tue, 19 May 2009 16:51:17 -0500
>> From: Lane Haygood <lhaygood at gmail.com>
>> Subject: Re: (urth) Gene Wolfe Fans Talk Politics (Again)
>> To: The Urth Mailing List <urth at lists.urth.net>
>> Message-ID: <9C6B0298-D857-46D7-80F4-0E74FA6F4720 at gmail.com>
>> Content-Type: text/plain;       charset=us-ascii;       format=flowed;
>>  delsp=yes
>>
>> ... The substitution of civil government/society with a profit driven
>>  market removes this universally-agreed as beneficial goal of
>> cooperation
>> and replaced it with a unilateral goal of profit. As  wealth cannot be
>> created ex nihilo, profit must arise from a producer  taking more than a
>> product is worth. This is only possible on a market  where supply and
>> demand
>> are manipulated against the interest of the  consumer.
>>
>> Thus, the market is merely the latest iteration of the master-slave
>>  relation. It is the battlefield of class conflict. How does calling
>> taxes
>> imposed by a lawful sovereign equal theft, but the creation of  profit
>> not
>> equal extortion by a self-selected, undemocratic oligarchy?
>>
>> Individuals and individual liberty are only meaningful insofar as a
>> civil
>> legal system ensures they are protected. Authoritarian abuses by  right
>> and
>> left ignore this. Free markets actively surpress it by  economic
>> manipulation.
>> ...
>>
>>
>>
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