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View Full Version : "The redistribution of wealth"



Kingpin
23rd December 2010, 20:33
Is there a concrete meaning to what this actually is that can't be manipulated to mean something else?


According to the labor theory of value, would paying a laborer a wage in exchange for labor power be a redistribution of wealth itself?

PigmerikanMao
24th December 2010, 14:06
I believe that the initial payment would be the "Distribution of Wealth." The evaluation of the system, and its subsequent change through various means would bring about its "REdistribution," usually meaning an end to exploitation.

Thirsty Crow
28th December 2010, 13:48
Is there a concrete meaning to what this actually is that can't be manipulated to mean something else?


According to the labor theory of value, would paying a laborer a wage in exchange for labor power be a redistribution of wealth itself?

When a laborer gets a wage from his/her employer, he/she is in fact being exploited by the employer since surplus value of his labour has been appropriated, which will then function as a part of the capital accumulaed in order that another cycle of accumulation may begin.
The term is vague but is meant to signify the redistribution of social wealth by means of progressive taxation and free access to services like health care and education. This, within the progressive reformist discourse, would then lead to better opportunities and better material standing of those coming from working class background.

Communists naturally uphold these measures, but would rather see them accomplished by a radical transofrmation of society - workers taking over the means of production and running production by a common plan (notice that this does not presuppose central planning in the manner of Soviet command economy).