Surplus value - The difference between the value of the product produced by labor and the actual price of labor as paid out in wages in Marxian analysis of capitalism. In other words, the product you produce or the service you are paid to offer by your employer has a higher value than your compensation. Youre doing a $30 an hour job for $15 an hour and the surplus value of $15 goes to your employer (thats good capitalism) - and you thank them for the opportunity to pay you less than your labor is worth. The enslaved Africans were perfect examples of surplus value, but my question is this, in principle, whether 100%, 50%, or 10% of your labors worth is stolen from you by your boss, against your will, is it not still slavery (wage slavery)? By what justification should anyone be paid less than their labor is worth? My respect for my fellow human, and not being to able answer that question as a result, is the fundamental issue I personally have with capitalism. I have many more arguments about how the greed it has nurtured has perverted human values and aided in the destruction of the planet, but I cannot confidently tie that all to capitalism. I think we are intelligent enough to create a better system for each other. Viva humanity!!
Posted on: Mon, 26 May 2014 14:36:58 +0000
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