103
you are viewing a single comment's thread
view the rest of the comments
[-] CyborgMarx@hexbear.net 23 points 1 year ago

Three simple questions can reveal whether these ultras are genuine or larpers who don't read

  1. How many sources of profit are there?
  2. Does competition or monopoly define capital accumulation?
  3. Is profitability or consumption the driving force of capitalist production?

No lie, I've never meet an ultra who answered these correctly, mfs on that dogmatist train do not read Marx

[-] unperson@hexbear.net 7 points 1 year ago

What are the correct answers?

my attempt

  1. Only labour.
  2. Monopoly.
  3. Profitability.
[-] CyborgMarx@hexbear.net 10 points 1 year ago
  1. Two; labour being the modern primary and profit on alienation being the other (i.e. buy cheap, sell dear)
  2. Competition; but not in the nonsensical way it's defined by the modern neoclassical tradition
  3. Profitability, you nailed it stalin-approval
[-] MCU_H8ER@hexbear.net 11 points 1 year ago

Is profit on alienation the same as arbitrage? Is arbitrage profit?

[-] CyborgMarx@hexbear.net 10 points 1 year ago

Yes, essentially the same thing

[-] silent_water@hexbear.net 5 points 1 year ago

I assume this also includes rentierism?

[-] CyborgMarx@hexbear.net 5 points 1 year ago

Rentierism is basically just a transfer from a circuit of capital to a circuit of revenue, so the source of the revenue can fall under both categories of profit making in the form of costs

[-] NoGodsNoMasters@hexbear.net 9 points 1 year ago* (last edited 1 year ago)

Conflating price with value is a pretty basic mistake and I've seen it in that sub from a fairly prolific poster lmao.

Fortunately most of the comments were clowning on them but it still managed a positive upvote ratio. Thread is here if you want to take a look, it's pretty funny seeing the poster try to defend themselves

[-] CyborgMarx@hexbear.net 5 points 1 year ago* (last edited 1 year ago)

Reminds me of that one famous episode back during the old sub days when another prolific poster tried to "debunk" Marx by repeatedly copy-pasting the definition of "production functions" and claiming the only way socialism would work is through marginalism, he received hundreds of upvotes very comment

lmao it was simultaneously the funniest and worst thing I'd ever seen on the old sub, leftist reddit in 2018 was wild

[-] unperson@hexbear.net 6 points 1 year ago
  1. Fair, I mixed up profit with surplus value.
  2. How is that? I vaguely remember an argument where competition (as a law) leads to accumulation, but this accumulation of capital and credit in turn makes more material available for monopolization. But perhaps I'm confusing Marx with Lenin.
[-] CyborgMarx@hexbear.net 8 points 1 year ago* (last edited 1 year ago)

For the theory of monopoly to make sense it has to apply to both macro and mirco, sure from the individual consumer's viewpoint there appears to be monopolies everywhere (Walmart in a small town) but at scale we don't see that, we see vicious competition between enormous firms (and small firms) all over the world, Walmart may not have powerful competitors in a small town, but go to any plaza in the US what do you see next to the Walmart? Nothing but competitors; a Target right there, a best buy over there, a Home depot down the road, a Costco across the street, there's centralization of capital absolutely, but where's the monopoly in this picture?

Now over the history of capitalism there have been phenomenon that take on the appearance of monopoly (company towns, energy cartels, massive nation sized corporations) and sure you can assert there are localized monopolies, but as an aggregate across national economies small firms still exist in enormous numbers, and at the scale where the majority of capital is made, i.e. across national borders there's nothing but competition

Now there's widespread confusion on this matter because neoclassical economics implies that any firm at scale is not competing "properly" and as such is a monopoly, liberals and modern Marxists alike fall for it, but it's a fantasy construction by a tradition that was designed specifically to negate Marxist economics

[-] unperson@hexbear.net 6 points 1 year ago

Thank you. Now I wish for more trick questions, hopefully a book with exercises.

this post was submitted on 10 Aug 2023
103 points (100.0% liked)

the_dunk_tank

15918 readers
1 users here now

It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.

Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.

Rule 3: No sectarianism.

Rule 4: TERF/SWERFs Not Welcome

Rule 5: No ableism of any kind (that includes stuff like libt*rd)

Rule 6: Do not post fellow hexbears.

Rule 7: Do not individually target other instances' admins or moderators.

Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml

Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again

founded 4 years ago
MODERATORS