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Podcast: The Ayn Rand Institute Podcast
Episode: The Marxists’ Exploitation Myth
Description: https://youtu.be/UVujQHg1kZo
Podcast audio:
In this episode of The Ayn Rand Institute Podcast, Ben Bayer and Nikos Sotirakopoulos challenge the exploitation theory of value at the root of many attacks on capitalists by both the political left and right.
Among the topics covered:
How the exploitation theory is entrenched in mainstream political thought;
How the exploitation theory fails to grasp how the capitalist produces value;
How mainstream defenses of capitalists fail to grasp how they produce value;
How capitalists benefit all of us immensely by increasing our productivity;
Rejecting the Marxist “pyramid of exploitation” for Rand’s “pyramid...