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12.6.16

Communism, socialism and labor theory of value.

I do not like Communism nor socialism. While I am no expert but I am slightly familiar with some of the relevant books [Marx et al. ] and societies that were operating on socialist principles. I was in Israel during the time the Socialist Labor party was in power. The money there at that time had a half life of about four months. If you loaned someone $100 worth of shekels at the end of the year they repaid you what was then 1/10 of the original value. This is my major observation about socialism. It is a way to get power by making people think they will rob the rich. But then society under those principles does not work very well.

Just for the record I might mention what is wrong with communism-it is the labor theory of value. The idea that labor makes something valuable. It is from this that Marx can derive the theory of exploitation and the power differences of class. If  more physical labor makes it more valuable then why do not the workers get all the benefits? Exploitation. But if you start in the opposite direction something has worth according to how much people want it then it does not matter how much labor went into making it. What matters is getting it to the people that want it. And that is the organizers and managers. and thus there is no exploitation and And thus communism falls away as false theory.