Greatest Exercise Enthusiast

I am

[Greatest Exercise Enthusiast @JackedStalin]

@ThickTowerDE @RelearningEcon Because the median better represents the avg Americans wealth. As the top 1% or 10% (rich generally) skew the data with their concentration of wealth.

[Greatest Exercise Enthusiast @JackedStalin]

@jaysburningroom @MarxoidNess @sigmahamster2 Which economic systems/societies? And you could very well make the argument that certain societies had generalized commodity production before it became generalized across societies. You can see this in David Graeber’s work.

[Antinomy 🚩📚 @Gattungswesen25]

The key claim here is transition to communism. The dictatorship of the proletariat isn't the lower phase of communism, but a transition to the lower phase of communism. It's in this phase that the DOTP already fades away because classes no longer exist.

[Greatest Exercise Enthusiast @JackedStalin]

@thelongmarch86 Leftcom = Goated?

[Greatest Exercise Enthusiast @JackedStalin]

@thelongmarch86 @Gattungswesen25 Not suggesting you can erase class relations with willpower alone. And the rest doesn���t even attempt to disagree with me lol.

[Greatest Exercise Enthusiast @JackedStalin]

@thelongmarch86 @Gattungswesen25 Socialism necessarily does not have a proletariat as class relations would have withered. So, no.

[Greatest Exercise Enthusiast @JackedStalin]

@Gattungswesen25 What’s wrong with Althusser?

[Greatest Exercise Enthusiast @JackedStalin]

@ArmedLorax If you don’t have an understanding of dialectics, you will 100% misunderstand a lot of aspects

[Pegasus @StoryPegasus]

Marx: here's my concept of 'value', meant to grasp how labor becomes socially valid only through the market in the context of commodity production.

Random moron: so Marx thinks value is a labor quantity totally independent of the market, except also dependent on it?? CUriOUs

[Relearning Economics @RelearningEcon]

"The farmer and manufacturer can no more live without profit than the labourer without wages."

-David Ricardo

[𝘼𝙢𝙖𝙙𝙚𝙪𝙨𝘽𝙤𝙡𝙨𝙝𝙚𝙫𝙞𝙠 | ☭/𝙖𝙘𝙘 @AmadeusBolshev]

My experience reading Marx so far:

[Antinomy 🚩📚 @Gattungswesen25]

Red Pen is an average ML-Dengist YouTube channel whose understanding of theory is far more impoverished than the poverty of philosophy which Marx attributes to Proudhon.

[Greatest Exercise Enthusiast @JackedStalin]

@UncannyFrogster @TeloLima1983TVP @Gattungswesen25 Well some are stupid and call it socialism and some are honest and call it accelerationism.

[Greatest Exercise Enthusiast @JackedStalin]

@abhinav999911 @class_struggler @Gattungswesen25 They aren’t socialist though unless you define it by idealist standards. Which is the point being made.

[Antinomy 🚩📚 @Gattungswesen25]

"Mao actually got it from reading Lenin's Philosophical Notebook on Hegel. "

Apparently, Mao misread Lenin's Philosophical Notebook! But also Lenin didn't always knew how to read Hegel either!

[Antinomy 🚩📚 @Gattungswesen25]

Also this whole talk of "primary contradiction" and "secondary contradiction" is made up by Mao and has no basis in Marx and Hegel's sense of contradiction in dialectics.

[Greatest Exercise Enthusiast @JackedStalin]

@z4n_san @austrosillyism It is absolutely capitalist from a Marxian pov

[Greatest Exercise Enthusiast @JackedStalin]

@LilyWonderland5 @austrosillyism @coebalte25024 Tf are you talking about? Read some Marx NOW

[Nikolai Rostov @austrosillyism]

This is actually pretty correct. The Neo-classical (and by extension the Austrian) school served as radical criticism of many of the classical school’s conjectures.

Of noteworthy attention is the famous theory of value (prices = costs of production), the theory of speculation (“wasteful speculation”, “unproductive labour”), the theory of entrepreneurship (Smith puts them in little appraisal because they engage in ventures of “excess risk”), the theory of a long-run natural price, and the theory of rent which is viewed as a portion of the labourer’s produce and wasteful speculation.

All of these were criticised with the advent of marginalism (although Menger and Walras’s theory of marginalism is quite different), time-preference theory, a microeconomic consideration on the origin and fluctuation of prices and (much later) a theory of the entrepreneur. Hence we cannot view Austrian theory as a mere continuation of Smith and Ricardo’s.

Although it *is* very much worth noting that the *classical* school was often not internally consistent (Nassau Senior may have pointed out the importance of time-preference in entrepreneurship long before Bohm-Bawerk by acknowledging “abstinence”) and that there are much better “classical” heroes than Smith, such as Richard Cantillon and Ibn Khaldoun (although Khaldoun’s theory of value is also fallacious)