Left clings to failed theories of the past
Marx's theory of capitalist exploitation drives New Zealand's Employment Relations Act and the industry and judicial processes that have grown up around it.
Karl Marx’s “Iron Law of Wages” delivered free trade’s most trenchant and enduring critique. It was long ago blown up with a bang but the idea persists and dominates academic thinking, daily debate and public policy.
For example, Marx’s theory of capitalist exploitation drives New Zealand’s
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Left clings to failed theories of the past
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