Value Theorists at War

Michael Yates mikey+ at
Tue Feb 27 11:16:59 MST 2001

On the other hand, Marx uses the very word "capital" to convey an
extraordinarily complex reality, which cannot be characterized as

Michael Yates

David Welch wrote:

Yes but Marx's life work was to show that war, imperialism and so forth
are necessary consequences of the structure of capitalism. So in that
sense Marx's analysis is radically one-sided. But the transformation
problem is a non-issue of course.

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