Whenever my adult children and I get together, we end up “discussing” current events such as the coming General Election, U.S. foreign policy, Black Lives Matter, or Cuba. And those discussions always lead to exchanges about alternatives to capitalism — especially socialism inspired by Karl Marx. On such occasions I end up defending those alternatives, and my dialog partners offer powerful counter-arguments.
I always come away from such events wishing I could be clearer in expressing my convictions. I’ve taught Marxism in the past. For a while, in a team-taught interdisciplinary course involving 15 Berea College faculty drawn from various disciplines (History, Philosophy, Physics, Biology, Economics . . .), I was asked to give the Karl Marx lecture to those colleagues and the entire B.C. sophomore class. The context was a course called “Religious and Historical Perspectives,” the best teaching (and learning) experience I’ve ever had.
There I wish I had been able to give something like the lecture I’ve pasted below. It’s given by Richard Wolff and it’s the clearest explanation of Marx’s theory of “surplus value” that I’ve come across.
Richard Wolff is emeritus professor of economics at the University of Massachusetts. He is a Marxist educated at Yale,Stanford and Harvard. He currently teaches at the New School in New York City. I am grateful to my good friend, John Capillo, who called him to my attention.
Please watch the video. If my children do, I know it will spark more enlightened conversation. I’m also hoping it will start discussion here among readers of this blog.
See what you think: