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by WalterBright 42 days ago
The Labor Theory of Value is a basic component of Marxism and is demonstrably false.

The other tenet is looking at everything through the lens of class struggle. The modern incarnation of that is interpreting all of history in terms of race. Social mobility in free countries like the US shows that the class struggle theory is woefully inadequate.

Time would be better spent studying free markets, the law of supply and demand, etc.