Tuesday, 25 February 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.


  1. "undermines the Marxist exploitation meme" does nothing.

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

  2. 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.


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