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Friedman Friday: Marxist Irony


Our Fridays are dedicated to dishing out capitalist wisdom, to nurse us (U.S. Americans) through the present Marxist captivity of our beloved republic.

I love irony, especially when it proves the inconsistency of aberrant philosophies. For example:

imgMarx argued that labour was exploited. Why? Because labour produced the whole of the product but got only part of it; the rest is Marx’s “surplus value”. Even if the statements of fact implicit in this assertion were accepted, the value judgment follows only if one accepts the capitalist ethic. Labour is “exploited” only if labour is entitled to what it produces. If one accepts instead the socialist premise, “to each according to his own need, from each according to his ability.” — whatever that may mean — it is necessary to compare what labour produces, not what it gets but with its “ability”, and to compare what labour gets, not with what it produces but with its “need.”

—Milton Friedman, Capitalism and Freedom (The University of Chicago Press, 2002), 167.



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