Economics Quote by Bob Torres

““Challenging the earlier economists of his day, Marx was keen to show how the products of capitalism did not just magically appear, nor did they have inherent value. Instead, Marx wanted to show that the value derived from commodities was part of a specific kind of social relationship—one in which the labor power of workers added value to commodities. In this way, the notions of commodities and labor lie at the center of understanding how Marx viewed capitalist relationships as inherently exploitative, as the dominance of one class (the bourgeoisie, or the owners of the means of production) over another class (the proletariat, the working class, or those who have nothing to sell but their labor). Proletarians were lending labor power to the production process, transforming goods into saleable commodities, and receiving only part of the value generated in this process. To Marx, this was wholesale thievery; the expenditure of human effort to produce commodities was the actual expenditure of human life, of the limited time that any of us have on this planet, and it came at the expense of us realizing our actual nature as productive, creative beings that generated meaning through our labor. Marx believed deeply in the notion that humans were creative and that we could be positively world-transformative.Through our labor, we not only make the world, but we also express the best part of ourselves as a species. The hijacking of all of this for the productive ends of the bourgeoisie—for mere profit—was, to Marx, a horrible crime being perpetuated on the weaker by the stronger.””

— Bob Torres