Was Marx actually a libertarian free-market fundamentalist?

Uhmmm….not really.

Marx explained how profits arise from the fact that workers produce a certain amount of value but are not paid by capitalists the full value that they produce. The difference: ‘surplus value’, of which a chunk ends up as profits in the pockets of capitalists. That’s why profits are simply a form of ‘unpaid labor’.

Here’s a short version of Marx’s view on surplus value.

Assuming a pretzel-based economy.

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Starring: Jenny von Westphalen & Karl Marx

To be continued…