Archived Blog Post: September 7, 2004

Workers of the World, Relax: "Marx may have been erratically idealizing the pre-industrial past and unduly castigating the bourgeoisie, but he ably captured the inescapable degree of conflict between employer and employee. Every commercial organization will try to gather raw materials, labor and machinery at the lowest possible price to combine them into a product that can be sold at the highest possible price. And yet, troublingly, there is one difference between 'labor' and other elements that conventional economics does not have a means to represent, or give weight to, but which is nevertheless unavoidably present: labor feels pain and pleasure."

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