Richard Wolff: How Capitalism Exploits You DEBUNKED (The Gravel Institute Debunked)

On January 22nd, 2021, famed Marxist Professor Richard Wolff released a video for the Gravel Institute explaining how capitalism exploits you. “In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed,” says Wolff. Do we really have to refute Marx’s Labor Theory of Value again? Why not? Join me for my first ever livestream video debunk. I’ll be reading and addressing comments throughout.

Hashtags: #Marxism#TheGravelInstitute#RichardWolff#Economics#Socialism#Communism#Capitalism

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References:

Murphy, R. P. (2020, October 05). A Critique of the Labor Theory of Value. Retrieved January 31, 2021, from https://mises.org/wire/critique-labor-theory-value.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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