Kind of. It's recognition of the fundamental basis of Leftist narratives within the Marxist historical dialectic.
Or, basically, Marxism is an equation, and all the Left ever does is change the variable names.
I've said the latter more than the former, but they mean the same thing. Marxism relies heavily on the concept of Objective Value, by relying heavily on the Labour Theory of Value to construct it. That's actually where the whole concept of equality stems from. That the labor put into growing an apple is all the same, and as such no apple should be different. All the value of all things with equal labor get equal price. When you assert this objective value, that is where all things should be. Equity is restoring things to the asserted equal value.
Beyond that, the applications and modern vernacular might be different but the concept is still the same. Assert and objective value, force things to move to that value.
The flaws are also still the same. Objective value doesn't exist. Only subjective value exists. Nothing can be equally valuable, because no one values things equally. That's actually the whole point of trade. Neither party values the things they are exchanging equally. Both persons value the other thing more than the thing they are getting rid of, which is why a free exchange is mutually beneficial. According to objective value, someone must be getting screwed over, because it is either being over-valued or under-valued by someone who knows the objective price. Hence, it is why all profit is exploitation. The only reason you made money is because you convinced someone to over-value it. All trade is fraud by definition. If everyone understood the objective value of a thing, they would never give it up for less than that value.
But again, that's nonsense because you can't give something an objective value. Different people value the same things differently at different times. Value is a purely subjective concept.
Kind of. It's recognition of the fundamental basis of Leftist narratives within the Marxist historical dialectic.
Or, basically, Marxism is an equation, and all the Left ever does is change the variable names.
I've said the latter more than the former, but they mean the same thing. Marxism relies heavily on the concept of Objective Value, by relying heavily on the Labour Theory of Value to construct it. That's actually where the whole concept of equality stems from. That the labor put into growing an apple is all the same, and as such no apple should be different. All the value of all things with equal labor get equal price. When you assert this objective value, that is where all things should be. Equity is restoring things to the asserted equal value.
Beyond that, the applications and modern vernacular might be different but the concept is still the same. Assert and objective value, force things to move to that value.
The flaws are also still the same. Objective value doesn't exist. Only subjective value exists. Nothing can be equally valuable, because no one values things equally. That's actually the whole point of trade. Neither party values the things they are exchanging equally. Both persons value the other thing more than the thing they are getting rid of, which is why a free exchange is mutually beneficial. According to objective value, someone must be getting screwed over, because it is either being over-valued or under-valued by someone who knows the objective price. Hence, it is why all profit is exploitation. The only reason you made money is because you convinced someone to over-value it. All trade is fraud by definition. If everyone understood the objective value of a thing, they would never give it up for less than that value.
But again, that's nonsense because you can't give something an objective value. Different people value the same things differently at different times. Value is a purely subjective concept.