Karl Marx. Merits and mistakes

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Karl Marx’s greatest achievement was that he discovered the dual nature of the labor process. Labor creates both consumer and exchange values. He discovered the dual nature of value itself: use value, exchange value.

He showed how, in the process of labor and exchange, one value passes into another. Consumer in exchange and vice versa. That is, he investigated the law of circulation and transformation of one form of value into another, the eternal cycle of values.

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One of the cornerstones of Marxism consists of the doctrine of the contradiction between the social nature of production and the private-property nature of its appropriation.

But this contradiction, as soon as we delve deeper into the essence of the matter, turns out to be a scholastic fiction.

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