LVT,has it been superseded?

[Nusocialist]

I personally believe it has,
This link provides a good dialectical history of exploitation theories.
http://orion.it.luc.edu/~dschwei/demdialectic.htm
I believe that although the LVT,while being better than any capitalist theory, has it's problems mainly that it's too egalitarian,people are paid equal amounts for unequal work,that's just measured by the time put into it.

John Roemer's theory of the property-relations theory,is superior to the LVT,but is itself flawed.
I believe the the democratic theory is the best so far,it's simply built on the idea worker's should have demcratic control of their companies.
After that foundation is built then we form the rest of our system by theory,history and emprical data.(and as I love to remind capitalist,empirical data shows worker managed co-ops are more efficient than capitalist firms.)

[ComradeRed]

Might I suggest actually studying up on the LTV BEFORE criticizing it?

You seem to have a misunderstanding on what it is. It's not how things are supposed to work in a classless society; it's how things work in a class society. That's why there's exploitation, etc.

[Nusocialist]

You seem to have a misunderstanding on what it is. It's not how things are supposed to work in a classless society; it's how things work in a class society. That's why there's exploitation, etc.
Indeed it's a theory of exploitation and in itself suggests a way out.
It is not a perfect theory however and is perhaps not the best.