Marx’s Labor Theory of Value: Bad Science and Bad for Ecological Socialism
Value and Socialist Distribution
Value and Socialist Distribution
In October of last year, the International Monetary Fund (IMF) released its flagship World Economic Outlook. In that report, the IMF said that the global growth rate would stumble at 3% in 2019. A month ago, the IMF’s main economists returned to this theme; ‘Global growth’, they wrote, ‘recorded its weakest pace since the global financial crisis a decade ago’.
From the far distance sounded the muffled howling of a family of monkeys, monos gritones, passing the night in the crowns of the mighty trees. It echoed through the jungle like the roar of an angry mountain lion. Gruesome and terrifying, it seemed to tear the night apart, but it did not disturb the jungle. It sang and fiddled, chirped and whistled, whined and whimpered, rejoiced and lamented its ever-unchanging song with the constancy of the roaring sea.
Over the last decade, a national consensus has developed for a progressive left agenda on the economy, social services, the climate crisis and ending wars but the movement has not yet built the power to make that a reality. The next decade will be ripe with opportunities for transformational change due to a combination of expanding popular movements as well as escalating crisis situations.
A refugee is someone who survived and who can create the future.
— Amela Koluder
Climate change does not respect border; it does not respect who you are — rich and poor, small and big. Therefore, this is what we call ‘global challenges,’ which require global solidarity.
— Ban Ki-moon
The Amazon rainforest is a crucial life-support ecosystem. Without its wondrous strength and power to generate hydrologic systems across the sky (as far north as Iowa), absorb and store carbon (CO2), and its miraculous life-giving endless supply of oxygen, civilization would cease to exist beyond scattered tribes, here and there.
Sad to say, a recent scientific analysis of the health of the Amazon rainforest is downright dismal. The world’s two leading Amazon scientists, Thomas Lovejoy (George Mason University) and Carlos Nobre (University of Sao Paulo) recently reported:
Environmentalist Dr Rosemary Mason has just written an open letter addressed to three senior officials in Britain: John Gardiner, Under Secretary of State for the Department for Environment, Food and Rural Affairs in the British government; Chris Whitty, the Chief Medical Officer for England; and Chris Wormald, Permanent Secretary at the Department of Health and Social Security.
Does anyone know what COP25 stands for? Probably very few. It’s unimportant. As unimportant as the whole roadshow itself. Just for the hell of it, for those who read this article, COP means Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC).
Capitalists are no more capable of self-sacrifice than a man is capable of lifting himself up by his own bootstraps.
— Vladimir Lenin1