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Episode #082 ... Austrians and Marx

Philosophize This!

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The Profit of Capitalists

Workers are able to produce much more value in one hour of their work than theyohe is would be able to if the factory didn't exist. Profit is really just the wage that the capitalist is being paid to magnify and sustain all of this additional value their sacrifice is providing. Without them, everyone else would be out of work. Yet, publicly traded companies have shareholders that own a certain percentage of the company. A marxis would ask, why is that guy getting a check in mal fack?

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