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Straight from Das Kapital: > Turn and twist then as we may, the fact remains unaltered. If equivalents are exchanged, no surplus-value results, and if non-equi
by codeflo 4y ago
Straight from Das Kapital:
> Turn and twist then as we may, the fact remains unaltered. If equivalents are exchanged, no surplus-value results, and if non-equivalents are exchanged, still no surplus-value. Circulation, or the exchange of commodities, begets no value.
Source: https://www.marxists.org/archive/marx/works/1867-c1/ch05.htm https://www.marxists.org/archive/marx/works/1867-c1/ch05.htm
- DiogenesKynikos 4y agoYes, and? This does not imply that trade is not beneficial. Marx is just saying that exchange of goods in itself does not create new value. He believed in the labor theory of value, which means that human labor is the ultimate source of value creation. The idea that trade is never beneficial does not follow from that theory.