Practical political importance of LTV

Paul Cockshott wpc at
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

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.

Paul Cockshott , 		
Phone: 041 637 2927		wpc at
				wpc at


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