You are correct. This source, and many others from first world “third worldists” ignore this basic fact.
The term “unequal exchange” is misused by people. To say that profits come from unequal exchange is proudhonist, not marxist.
And this research paper assumes that all labor is of equal intensity.
Both are incorrect. This paper means nothing.
Labor in the third world of all skill levels produces less value per hour because of the lack of development of the means of production. Third world labor of equal skill produces less value in a global marketplace per hour when compared to that same labor applied to means of production in the developed first world. This is why the main task of every socialist government is to rapidly increase the stock of means of production and implement labor saving advances. i.e. a rapid industrialization.
You are correct. This source, and many others from first world “third worldists” ignore this basic fact.
The term “unequal exchange” is misused by people. To say that profits come from unequal exchange is proudhonist, not marxist.
And this research paper assumes that all labor is of equal intensity.
Both are incorrect. This paper means nothing.
Labor in the third world of all skill levels produces less value per hour because of the lack of development of the means of production. Third world labor of equal skill produces less value in a global marketplace per hour when compared to that same labor applied to means of production in the developed first world. This is why the main task of every socialist government is to rapidly increase the stock of means of production and implement labor saving advances. i.e. a rapid industrialization.