this post was submitted on 22 Feb 2025
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Why are many businesses in democratic nations largely undemocratic? (lemm.ee)
submitted 11 months ago by ALostInquirer@lemm.ee to c/asklemmy@sh.itjust.works
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[–] Cowbee@lemmy.ml 3 points 11 months ago* (last edited 11 months ago)

Marx already spoke about artificial scarcity and rent, though. None of that invalidates Marx's critique, they are already accounted for. I think the other user is mixing up Marx's Law of Value with Adam Smith's Labor Theory of Value.