This lecture looks at the impact of globalisation, the distribution of labour incomes and profits. It points out that the multiplication of the world's labour supply has tilted the balance in favour of the capitalist. It examines this in the context of Karl Marx's labour theory of value and looks at whether the Marxist solutions would be better or worse than the problem that has been identified.

The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/was-karl-marx-always-wrong

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Support the Show.