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Red Theory: Marxism and the Law of Value
In our previous article we looked at what a commodity is and examined use-value and exchange-value. This discussion of value is a cornerstone of Marx’s critique of political economy. The value of any commodity is equal to the socially necessary labor time required to produce that commodity.
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Purchasing power of workers’ wages take biggest tumble in 40 years
Over the last year, real average weekly earnings fell 3.9% as inflation outpaced pay raises and average weekly hours fell by almost an hour.
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Transgender rights: China advances while U.S. backslides
The Republican evangelical right scapegoats trans people as their latest “culture war” to mobilize far-right support and secure corporate interests.
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Workers take over a Kellogg factory, now known as ‘Socialist Kellogg’
In the worker-controlled Venezuelan Kellogg factory, you see the workers working diligently to make corn flake and sugary cereals in a new package displaying the Venezuelan flag and the words “Together for Venezuela.”
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Belgium Worker’s Party obtains excellent results in federal, regional and European elections
After a phenomenal and social campaign, the Belgian Workers’ Party (PTB-PVDA) has confirmed its progress throughout the country, with results ranging from 6.6% in Flanders to over 12% in Brussels and 13.5% in Wallonia. The genuine left thus sends 12 members to the federal parliament, 1 member to the European Parliament, 11 members to the Brussels Parliament, 4 members to the Flemish Parliament and 10 members to the Walloon Parliament.
