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
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