Dmitry Pozhidaev reviews Capitalism in the Twenty-first Century Through the Prism of Value, by Guglielmo Carchedi and Michael Roberts, which aims to explain 21st-century capitalism through Karl Marx’s value theory.
surplus value
We're all familiar with the old maxim: “the rich get richer while the poor get poorer”. It is said as often with resignation as it is as a call to action.
Left unquantified it remains abstract but it is much easier to get worked up when the sheer scale of material inequality is in front of your face. Hence the growing outcry surrounding Oxfam's recent annual reports on global inequality that clearly demonstrate the concentration of world resources in the hands of the 0.1%.