Practical political importance of LTV

Paul Cockshott wpc at clyder.gn.apc.org
Wed Nov 2 10:14:04 MST 1994


I see it as having 2 linked political messages.

Firstly, the exposure of the nature of exploitation provided the
moral basis of classical socialism and for the struggle against
exploitation.

Secondly a classic demand of socialism was for the worker to recieve
the full value of their labour ( before taxes for social services etc ).
This provides a distinct alternative to the liberal reformist ideas
of a minimum wage or guaranteed basic income.

The labour theory of value leads to the demand that we dont want the
crumbs, or even a slice of the cake, but the whole thing.

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Paul Cockshott , 		
Phone: 041 637 2927		wpc at clyder.gn.apc.org
				wpc at cs.strath.ac.uk


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