Soup Kitchen Economics
... which post-Marxist economists have commented on the perception of diminished asset value as stolen Introduction to Post-Marxist Views on Value and Exploitation Post-Marxist economists and theorists have critically re-evaluated Karl Marx’s labor theory of value, particularly the idea that capitalist profits derive from value "stolen" from workers. While Marx framed exploitation as the extraction of surplus value through labor, many post-Marxist thinkers have moved away from this labor-centric model, challenging both its historical applicability and conceptual coherence in contemporary economies. Rather than accepting the notion of value as something concretely produced by labor and then expropriated, these theorists often interpret value as a socially constituted, abstract relation embedded in capitalist structures. This shift re-frames the perception of diminished asset value—not as theft in a moral or economic sense, but as a systemic outcome of capitalist dynamic...