[Marxism] Law of Value (was Re: Did the Cuban Revolution enforce socialist realism?)

Charlie charles1848 at sbcglobal.net
Mon Dec 31 17:43:52 MST 2012

Shane Mage wrote:
Thus socialism, as Marxists should conceive it, necessarily combines 
labor and commodity markets (differing from markets under capitalism by 
being radically egalitarian in the distribution of income and hence of 
effective demand, by doing away with all monopolistic constraints on the 
operation of the law of value, and by explicit and ever increasing 
democratic social determination of the overall quantity of resources 
devoted to investment in ecological repair and in improving beneficial 
technologies) with conscious social determination of economic evolution.

It is not clear to me whether this concept might include "market 
socialism." The existence of markets, of course, does not mean market 
socialism. It is rather an economy of public ownership in which firms 
keep a significant portion of profits or, if all profit goes to one or 
another level of the government, the firms are rewarded to a significant 
degree by their rate of profit.

Charles Andrews

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