Tags » Marxist Economics

Fact check: conspiracy theories aren’t just for conservatives

Respondents were asked whether they agreed with four statements:

  • “Much of our lives are being controlled by plots hatched in secret places,”
  • “Even though we live in a democracy, a few people will always run things anyway,”
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Milton Friedman

Capitalists do not exploit workers

Workers exploit capitalists who start businesses that fail. Workers are paid more than they add in labour value to failed start-ups.

  • A self-employed farmer scraping a living with the help of a part-timer is exploiting that worker while a manager who owns no shares on a salary of $500,000 a year is a downtrodden and exploited member of the proletariat!
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Applied Price Theory