what on earth do you mean, Marx understood lots of about profit in economics, he's one of the most famous economists in history, this is like a post where you're like, "it's too bad Darwin didn't understand plants & animals!" like, what do you mean, he did
Post by twetch#3375
No, Marx did not understand.
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maybe you mean you think he got something subtle wrong .... he did in general broadly understand economics quite well, he's one of the most famous economists in history .. his analysis of economics is one of the most important events in history
No, he was just a con artist who knew almost nothing.
i've seen a lot of your videos and i know that you consider yourself a rational person .. this seems out of character for you .. what Marx did you read? it seemed reasonable enough to me when i read it, and certainly i wouldn't say he "knew almost nothing"
Marx believed that profits earned by entrepreneurs do not correspond to anything valuable that they contribute to production and that only the labor and resources that go into production are valuable. He believed that ultimately all value was due to labor.
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