wealth

Wealth is created by the extraction of surplus value (exploitation). Marx
is absolutely right on this point. And I see no contradiction between
this claim and anything Foucault says. The "rate" or "intensity" of
exploitation may fluctuate, but insofar as the capitalist acquires a
profit, the worker is exploited (i.e. she has created more value with her
labour than she has received in wages). Now, of course, this does not
encompass or even define the field of power relations, but this does not
make it any less the case.

malcolm



Folow-ups
  • Re: wealth
    • From: D Hugh-Jones
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