No, Marx did not understand.
Post by twetch#1612
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
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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.
if entrepreneurs input helpful economic decisions, that's labor, that's part of the labor that's the entire value, it's when capital owners literally don't do anything that they're not laboring not when they do something constructive ... did you read Marx?
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