Tuesday, February 25, 2014

Quote of the Day: Marxism refuted in one sentence

A wage is money paid in exchange for the performance
of labour
, not for the products of labour.”
- George Reisman,
taken from his “Remarks at the Conferral of His Honorary Doctorate from UFM

Want to understand how this one sentence undermines the Marxist exploitation meme? Read on.

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2 Comments:

Anonymous Anonymous said...

"undermines the Marxist exploitation meme" does nothing.

there's only one way to undermine communists and their fellow travellers. only one.

2/25/2014 09:41:00 am  
Blogger Mark said...

Thanks for posting this Peter - rather timely following recent discussions on this site. I find it incredible that the Marxist views around labour exploitation still have any supporters - in spite of history, in spite of common sense, and in spite of theoretical debunking such as this from Reisman.

2/28/2014 10:10:00 am  

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