Tag Archives: Socialism

Why Socialism and Communism Can Never Work.

The Austrian Economists Who Refuted Marx (and Obama)

From:    The Daily Bell

Editorial By Richard Ebeling

March 04, 2014

The president of the United States has publicly declared that he knows the minimum wage any worker in the United States should earn as an hourly salary: $10.10. Why not $11.11 or $9.99 has been left a mystery. But what the president is sure of is that businessmen clearly are stonehearted money grabbers exploiting some of their workers by not paying them the real value of what their labor is worth.

Left unspoken in Obama’s assertion of knowing what a minimum “fair” or “just” wage should be in America is the ghost of a thinker long thought to have been relegated to the dustbin of history: Karl Marx (1818-1883).

Marx’s Labor Theory of a Worker’s Value

Marx’s conception of the unjust “wage slavery” that businessmen imposed on their workers became the premise and the rallying cry that resulted in the communist revolutions of the twentieth century, with all their destruction and terror.

Marx insisted that the “real value” of anything produced was determined by the quantity of labor that had gone into its manufacture. If it takes four hours of labor time to produce a pair of shoes and two hours of labor time to prepare and bake a cake, then the just ratio of exchange between the two commodities should be one pair of shoes in trade for two cakes. Thus, the quantities of the two goods would exchange at a ratio representing comparable amounts of labor time to produce them.

If a worker’s labor produced, say, three pairs of shoes during a twelve-hour workday, then the worker had a just right to the ownership of the three pairs of shoes his labor had produced, so he might exchange it for the productions of other workers from whom he wanted to buy.

But, Marx insisted, the businessman who hired the worker did not pay him a wage equal to the value of the three pairs of shoes the laborer had produced. Simply because the businessman owned the factory and machines as private property with which the worker produced those shoes, and without access to which the worker would be left out in the cold to starve, the employer demanded a portion of the worker’s output.

The employer paid him a wage only equal to, say, two of the pairs of shoes, thus “stealing” a part of the worker’s labor. Hence, in Marx’s mind, the market value of the third pair of shoes that the businessman kept for himself out of the worker’s work was the source of his profit, or the net gain over the costs of hiring the worker.

Here is the origin of the notion of “unearned income,” the idea of income not from working and producing, but from, well, simply owning a private business in which the workers who really did all the work were employed.

The businessman, you see, does nothing. He lives off the labor of others, while sitting up in his office, with his feet on the desk, smoking a cigar (when it was still “politically correct” to do so). It is not surprising given this reasoning about work, wages and profit that a president of the United States then says to businessmen, “You really did not make it.”

Carl Menger and the Personal Value of Things

Karl Marx died in 1883, at the age of 64. A decade before his death, in the early 1870s, his labor theory of value had been overturned by a number of economists. The most important of them was the Austrian economist, Carl Menger (1840-1921), in his 1871 book, Principles of Economics.

Menger explained that the value of something was not derived from the quantity of labor that had been devoted to its manufacture. A man might spend hundreds of hours making mud pies on the seashore, but if no one has any use for mud pies, and therefore does not value them enough to pay anything for them, then those mud pies are worthless.

Value like beauty, as the old adage says, is in the eyes of the beholder. It is based on the personal, or “subjective,” use and degree of importance that someone has for a commodity or service to serve some end or purpose that he would like to satisfy.

Goods do not have value because of the amount of labor devoted to their production. Rather, a certain type of labor skill and ability may have value because it is considered useful as a productive means to achieve a goal that someone has in mind.

And furthermore, the value of things decreases as our supply of them increases, because we apply each additional quantity of a good at our disposal to a purpose less important than the purpose for which previously acquired units of that good were used.

As I am adding shirts to my wardrobe, each extra shirt generally serves a use for that type of clothing less important to me than the shirts I had purchased earlier. Economists call this the “diminishing marginal utility of goods.”

Read More here: http://www.thedailybell.com/editorials/35079/Richard-Ebeling-The-Austrian-Economists-Who-Refuted-Marx-and-Obama/

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Ask the Experts?

I understand that Dr. Oz has been receiving criticism for including “unproven” views on health. The Medical community in the US has become almost dictatorial at times in their insistence that only they understand the “mysteries” of health care. Some physicians have even denied side effects of medicines and vaccines despite the fact that the manufacturers put them in their literature.

Years ago Dr.s were, unfortunately, thought of in almost god-like terms. Today more and more people are realizing that they are responsible for their own health care. The idea promoted by american medicine is often that people are too stupid to understand science.

They have become like most of the priests of pagan religions who spent a good deal of their time trying to convince their followers that only the select few can truly understand the mysteries of their religion.

Unfortunately, our educational system has, mostly, produced people with lazy minds who want to be coddled and entertained. Very few people think for themselves. Most believe what the experts tell them.

This is a fascist/socialist mind control system of society that was developed in this country as early as the 1840’s. Most people prior to that were self taught. These people often studied many fields and were what we now term as Renaissance men. Though the actual Renaissance was somewhat earlier the term is essentially one used for those who have unquenchable curiosity about life and how it all works .

The idea that people need to be controlled and managed is one that elitists propagate.  The revolutions of america and france frightened elitists who saw the idea of Natural Rights as one that had to be mitigated. The way to do it was through education that trained people to think they way the elitists wanted them to.

Essential to this is to strip as much curiosity from children as possible and keep them looking at all the bright, shiny, objects placed around them to distract them from asking important questions about life and how it works. The way this was to happen was to elevate certain types of people as experts who could, it was taught, be depended upon to tell us what we “need to know”.

Whether those experts are pastors or priests, doctors or generals, teachers or politicians, the people are taught to eat the regurgitated slop that is given to them. They think they are being fed good things and do not realize that it is just vomit.

This is a planned result. Those in power do not want people to think lest they become unmanageable. So they drug us , hypnotize us and bllsht us because they know we will acquiesce to whatever they say. The public education system was designed to produce fodder for their wars and workers for their factories.

Even with the change to an information based society, most of the information produced is of little help unless one knows how to hear from the Ruah (Spirit) of YHWH. The eklesia (assembly of believers) is , often,  just as bad as the world in believing whatever they are told. Many believers are merely depending on their pastors or leaders to tell them how to think.

This is not the way of Elohim (G-d). He expects each one of us to know Him and His ways. We are not to depend on some pastor or rabbi to tell us how to live. We are to be in relationship with Him ourselves.

Stop being fooled by the man behind the curtain. He is a person just like you. He is just as imperfect as you. He has knowledge which (may) be useful but you are still responsible for your own journey home. If you are a believer, you already have all you need to get there.

Yahshua said that The Ruah will teach us all that we need to know. If He dwells in you you have all you need if you will but ask. Information from others is, sometimes useful, but it is in that relationship with Daddy through His Ruah that we learn to walk the walk of Life.


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