PHIL100 Lecture Notes - Lecture 11: Labour Power, Determinism, Forego

• School: University of Delaware
• Department: Philosophy
• Course: PHIL100
• Professor: Jordan Jeff

Document Summary

Lecture 11 marx: ma(cid:396)(cid:454)"s a(cid:396)gu(cid:373)e(cid:374)t agai(cid:374)st capitalis(cid:373, the long version, 1. Labor and labor alone creates value: 2. The laborer receives the value of his labor power as wages: 3. The value of the product made by the laborer is greater than the value of the wage: 4. The laborer receives less value than she creates: 5. The capitalist takes the surplus value (sv = product value wages: 6. This taking is coerced by and enabled by: the institutions of society, the necessity of the laborer to sell her labor, 7. So, it is a forced taking: 8. The fo(cid:396)ced taki(cid:374)g of othe(cid:396)"s p(cid:396)ope(cid:396)t(cid:455)/(cid:448)alue is theft: 9. Capitalism is immoral: presuppositions of the argument, only labor creates value; there is no natural value, market-price is largely irrelevant to a thi(cid:374)g"s (cid:448)alue (cid:894)e(cid:454)cept i(cid:374)sofa(cid:396) as the. Is it valid: the(cid:396)e"s (cid:396)easo(cid:374) to thi(cid:374)k (cid:374)ot, suppose you need some quick cash.