Employers capture surplus from labour they cannot actually buy

Evidence

For herein lies capitalism’s secret: the uncommodifiable sweat, effort, inspiration, goodwill, care and tears of employees are what breathe exchange value into the commodities that employers then flog to eager customers – this is actually what makes the building or restaurant or school desirable. — Yanis Varoufakis, Technofeudalism, 71

Categorization

  • XREF: Core causal claim that presumably grounds the later rent-extraction argument against platforms. — connects to: Surplus value is the gap between labour infused and labour bought — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 795; Profit comes from surplus value workers generate — Clara E. Mattei, Escape from Capitalism, 103; Ownership asymmetry forces non-owners to sell labour and yield surplus value — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 793 (+6 more)

Broader Connections