this post was submitted on 05 Jul 2026
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I'm reading Unequal Exchange, Past, Present and Future by Torkil Lauesen. It's eye opening to say the least, it's basically taking Marx' theory of value and applying it to the current globalised neoliberal world. Really hits home when you break it down to how many hours of labor are being imported from the periphery into the core. In some sectors 1 hour of labor in the global north gets exchanged for more than 100 hours of labor from the global south. It got published December last year so it is very relevant for communists today, I'd say it's an absolute must-read.
Still baffles me how the majority of the western left doesn't consider this a part of theory study, and trots even outright denounce the existence of the unequal exchange and labor aristocracy!