2min chapter

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#295 – Richard Wolff: Marxism and Communism

Lex Fridman Podcast

CHAPTER

Marx's Theory of the State

Marx believed that the core economic objective of capitalism was to maximize something called profit, which his analysis located right there in the workings of the enterprise. And he was looking at ideas of value, how much is the, how much value does the labor of the individual workers provide? And that means how do we reward the workers in an ethical way? So those are the questions of, we'll get there. Yeah, okay, but the government is not part of that picture. Right.

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