this post was submitted on 08 Aug 2026
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Unpopular Opinion

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I don't think this is particularly unpopular outside of Lemmy, but still.

I consider myself a leftist primarily because:

  • I want every individual to have maximum possible freedom as long as its existence doesn't reduce the summation of the freedom of all individuals.
  • The current system doesn't do a good enough job at this as it permits power concentration.
  • The policies I believe would help achieve my "want" (the freedom thing) are generally considered "leftist".

Marx for his time, did some quite cool stuff. I really enjoyed his work in sociology. His critique of capitalism had merit.

THAT BEING SAID, labor theory of value is absolute dogshit. FOR THE TIME, sure, ok- nice effort. But TODAY, when marginalism has proven time and time again to be the more superior explanation to value, defending LTV is kinda lame.

I've never met a single professional economist who takes it seriously. Most of its defenders (in my experience) tend to be folks who have no economics background, and frankly aren't willing to have a good faith convo. I'm not trying to bandwagon effect + appeal to authority here, but this is just so reminiscent of anti vaxxers and flat earthers (at least for me).

I won't go into MY reasoning for preferring marginalist economics over LTV economics as there are much much better writeups for this than what I'm capable of. Here's one I could lazily find.

But yeah. In conclusion, I'm of the opinion that it would be much nicer if leftists got rid of Marx from their economics, and instead adopted economic models that better described reality.

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[–] AlfalFaFail@lemmy.ml 1 points 3 hours ago* (last edited 2 hours ago)

What did you think of Marx's critique of Condillac in Capital?

Are you familiar with the debates between the two school from 1894 to 1914. Notable participants were Engels publishing Volume 3, Böhm-Bawerk, and Rudolf Hilferding. This debate wasn't settled academically because the evidence was clear, but the was a world war, then the Russian revolution, and the a red scare. No one cared and the West wouldn't support this open debate because society was on the line in a very real way.

Marginalism doesn't reign supreme because it won the debate. Marginalism reigns supreme because the culture changed. Have any of the professional economist taken Marxist economics seriously?

And, since you want the leftist goals that I also want, you might want to read Bukharin's treaise on how marginalism is a theory that allows for some to have more freedoms than others.

Edit: I read the stack-exchange comment you linked to. It's one sided, reductive and dismissive. It flattens Marx to Ricardo which it clearly isn't. It doesn't engage with Marxist critiques of STV, of which there are real critiques. It conflated price with surplus value, which it has a relationship, but is not the same. Fails to understand that Marx is analyzing the role of a commodity and knows very well the role of nature in value creation. It is ignorant of 50+ years of modern empirical input-output testing on Marxist value theory. It cites a 1971 study without acknowledging work that complicates it from the 80s and 90s.

Overall, it approaches Marx not as a social theorist analyzing the systemic macro-laws of capital accumulation, but as a bad neoclassical economist trying (and failing) to build a microeconomic utility model for consumer pricing. It's a clumsy response at best.

[–] NoneOfUrBusiness@fedia.io 5 points 6 hours ago (1 children)

I really don't have a horse in this race, but:

But TODAY, when marginalism has proven time and time again to be the more superior explanation to value,

Marginalism explains value... by not trying to explain it. Marginalism explains prices, which, sure but that's not the point here; from what I understand, LVT attempts to explain the social dynamics emerging from and underpinning economic production, which is where the "all value comes from labor" idea really shines.

I've never met a single professional economist who takes it seriously.

There are plenty of Marxian economists out there, but also mainstream economics tends to skew right (with often disastrous results), so economists aren't a representative sample of social scientists who deal with how the economy functions.

[–] FiniteBanjo@feddit.online 1 points 6 hours ago (1 children)

You can buy labor, you can buy lifespan, you can buy time itself...

Sounds like explaining prices explains value, to me.

[–] SreudianFlip@sh.itjust.works 1 points 3 hours ago

It describes exchange value. It does not address use value.

Reductionism is useful as an analytical tool, but only in specific cases, not generally, and thinking that any economy can be reduced to being driven by purchasing power is like saying that all a car needs to move is tires.

[–] frisbird@lemmy.ml 5 points 7 hours ago

Mainstream economic theory (Marginalism) is obsessed with price determination, that is to to say, calculating the exact point where lines cross on a graph. The material basis of economics is about who gets to eat, who holds the power to direct human labor, and what happens to a society when its resources are misallocated by profit-driven speculation.

LTV hasn't been surpassed by marginalism. Marginalism is a failing attempt to justify the current economic system by completely ignoring material reality

[–] Arcanepotato@crazypeople.online 7 points 8 hours ago (2 children)

No shade but why would economists agree with LTV? How would they reconcile agreeing with it and their work in the current system? That's like asking an astronaut what they think of flat earth theory.

Username and domain checks out.

[–] frisbird@lemmy.ml 5 points 8 hours ago

No, it's the opposite. It's like asking a priest during or before Galileo what they think of heliocentrism.

[–] Calfpupa@lemmy.ml 0 points 4 hours ago

Finally, a truly unpopular opinion due to its disconnect from reality. Try reading Capital sometime and look up what a liberal is (it's exactly how you define yourself).

[–] Krusty@quokk.au 1 points 4 hours ago* (last edited 4 hours ago)

Poor word choices abound.

You refer to people as its instead of their...

Poor construction. What is freedom? You want lawlessness? Are you free to rob other people or kill other people? Where does your freedom end and their freedom begins? Sorry. Where does your freedom begin and its freedom began? See how that sounds awful?

I don't think randomly capitalizing complete words is doing your little diatribe any favors.

I don't know what LTV is and I'm pretty sure nobody else does either(some used LVT). If you use an acronym/initialism you should probably define it.

And you failed to define or elaborate on any economics that better define reality. Which I'm sure you probably can't do.....

I give you a zero. Abject failure. This is fucking garbage. Worse than a shit post. I mean at least some people eat shit. This is just calorie-free bulllocks.

[–] Dookieman12@piefed.social 3 points 9 hours ago (1 children)

Not unpopular. I don't recognize Marxism as a valid economic theory. Might do a longer post about it later, but my thesis is:

An economic system should balance the needs of labor and industry, placing a slight preference for one over the over. In this system, the government is simply a means to enforce the laws that maintain it. Marxism seeks to extend the government's role, creating a third entity with it's own needs requiring balance. Then, Marxism seeks to insert a preference for the government into that system. It justifies this bias under the basis that the government represents the will of the people. It is, quite simply, authoritarianism wearing the government as a disguise so it can present itself as socialism.

[–] chonglibloodsport@lemmy.world 1 points 8 hours ago (1 children)

The government is never simply a referee (rules enforcer) in any system. That’s a trap many people fall into across the political spectrum. The government is a player. As soon as people realize that, they leave the realm of the ideal and enter the ugly, messy, frustrating world of compromises AKA the real world.

Libertarians across the spectrum have the right of it: the only true way to preserve a free and pluralistic way of life is to carefully limit the government’s power.

[–] NoneOfUrBusiness@fedia.io 4 points 7 hours ago (1 children)

Uh... we've seen how that works before, and it's overwhelmingly considered to have been not nice. Unsurprisingly, that (late 19th early 20th century) was the golden age of revolutionary socialism. Weakening the government just gives more power to the elites rather than producing a "free and pluralistic way of life," unless you consider living on company scrip to be freedom.

[–] chonglibloodsport@lemmy.world 1 points 3 minutes ago

Dunno if you’ve noticed but elites have captured the US government. The whole tariff thing is a massive wealth transfer from consumers to businesses. They’ve chopped down social services galore and regular Americans are suffering big time.

The only saving grace of the US system is the separation of powers between states and the federal government, as this somewhat limits the damage Trump and co can do.

[–] OwOarchist@pawb.social 2 points 9 hours ago* (last edited 9 hours ago) (2 children)

Congratulations -- you're an anarchist. Or maybe a libertarian socialist.

(As mad as it might make certain people on Lemmy to hear this, it's absolutely possible to be a leftist without being a Marxist.)

[–] luthis@lemmy.nz 2 points 7 hours ago

Lol I was about to say, hello fellow anarchist!

[–] saltesc@lemmy.world 1 points 8 hours ago* (last edited 7 hours ago)

I want every individual to have maximum possible freedom as long as its existence doesn't reduce the summation of the freedom of all individuals.

Literally libertarianism.

Anarchism is its own thing, but the obvious overlap is disallowing liberty to be encroached on by a state. Can definitely have a situation where a state is in place and acts as a mediator for equal rights and prevents an inbalance of liberty. But in there lies the ironic threat of having an entity drawing the lines for individuals and the cross-over with anarchism.

OP's view on economics shares it too. Especially that of social libertarianism which strongly opposes an imbalance of wealth or loss of social freedoms for capital. The core of Marxism's take on how to handle economics is no more anti-libertarian than the effects of matured capitalism. At the end of the day, a person's value and freedoms are tied to what they do to deserve it within the system. You must still sacrifice how you want to live for how you're supposed to live in order to "make it" under an ideology. Marx's theory of value is no different to the American Dream in this regard, despite it being almost entirely opposite in everything else.

It's not to say Marxism is wrong, but it always reminds me of John Lennon's Imagine. It sounds great if that's what you want the world to be like. But Lennon doesn't even entertain the idea that some people want religion, privacy, and individual sustainability in their lives. And they have the right to that as much as Lennon had his preferences.

[–] Diva@lemmy.ml 2 points 9 hours ago

I’m not trying to bandwagon effect + appeal to authority here, but this is just so reminiscent of anti vaxxers and flat earthers (at least for me).

actually it's more that you sound like a christian fundamentalist baffled that people don't have the same religion as you or even reject the premise entirely.

[–] czaran@lemmy.ml 0 points 6 hours ago

Bro is trying to reject marxism on a ML site

[–] RickyRigatoni@piefed.zip 1 points 9 hours ago

I don't know much about economics but I think it's less about value and more about feeling valued (i.e. appreciated) and while we've been using money for that for the past couple gorillion years if we make an economic system where peoples needs are met first and foremost all other exchange can be settled with passionate kissing and maybe a little stroking/flicking.

[–] Madzielle@lemmy.dbzer0.com 1 points 9 hours ago* (last edited 9 hours ago)

godspeed to you