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Episode #082 ... Austrians and Marx

Philosophize This!

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The Economic Theory of Marks and Capitalism

It's the economic inferences that mark makes that sets the foundation for why communism needs to be implemented. Capitalism is not just wrong as an economic theory, it is a fundamentally immoral system. The worker in a capitalist society is paid less than the value there producing for the employer. Profit is a euphemism for the exploitation of the worker.

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