A Commonplace Book

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Los Angeles Times 8Leviton 9

 

The reason capitalism is theft has to do with "surplus value" -- the difference between the selling price and the cost of equipment, materials, marketing and labor. All down the line, "profit" is really the result of unpaid labor that creates additional goods without commensurate additional cost. The capitalist claims the profit by virtue of his capital alone, which in most cases is the result of economic, racial and social inheritance, not hard work.
-- Mark Leviton (Los Angeles Times 3/25/90)
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