The Marxists’ Exploitation Myth

https://youtu.be/UVujQHg1kZo Podcast audio: In this episode of The Ayn Rand Institute Podcast, Ben Bayer and Nikos Sotirakopoulos challenge the exploitation theory of value at the root of many attacks on capitalists by both the political left and right. Among the topics covered: How the exploitation theory is entrenched in mainstream political thought; How the exploitation theory fails to grasp how the capitalist produces value; How mainstream defenses of capitalists fail to grasp how they produce value; How capitalists benefit all of us immensely by increasing our productivity; Rejecting the Marxist “pyramid of exploitation” for Rand’s “pyramid of ability.” Mentioned in this podcast is Ayn Rand’s novel Atlas Shrugged. The podcast was recorded on February 21, 2025, and released on February 26, 2025. Listen and subscribe wherever you get your podcasts. Watch archived podcasts here.