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submitted 1 day ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
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[-] Sedan@lemmy.ml 1 points 8 hours ago

It’s an issue that Marxist economists debate about.

Comrade, surplus value has absolutely nothing to do with current production costs.

Surplus value is the capitalist's profit—nothing more.

According to Marx, surplus value is the value created by the unpaid labor of a wage worker—over and above the value of their labor power—and appropriated gratuitously by the capitalist. It is the hidden source of all forms of unearned income: entrepreneurial profit, commercial markup, bank interest, and ground rent.

In the USSR, there was no surplus value whatsoever; any "surplus" consisted solely of taxes earmarked for social benefits and similar expenditures.

Consequently, goods in the USSR cost a mere fraction of what the very same goods cost in the West.

Surplus value is the very mechanism by which capitalists grow rich—it is money out of thin air.

[-] dessalines@lemmy.ml 2 points 4 hours ago

This isn't correct. Production costs must be subtracted to calculate surplus value.

Surplus value is "worker value added". To get worker value added, you must subtract out the cost of materials, etc.

In the USSR, there was no surplus value whatsoever; any "surplus" consisted solely of taxes earmarked for social benefits and similar expenditures.

This is also incorrect. Socialism and the USSR has / had a surplus, its just that its directed and controlled by working-class political decision-making, and not by private capitalists. It may direct that surplus into defense, research, social services, etc. It has a different form than capitalist surplus value.

Here's some vids on this:

[-] Cowbee@lemmy.ml 8 points 8 hours ago* (last edited 8 hours ago)

Surplus value is the capitalist’s profit—nothing more.

Not quite. Price fluctuates around value, profit can come from discrepancies between price and value, or from the raising of socially necessary labor time due to sudden events (like a factory blowing up) and thus the price of unsold commodities rises. Marx made it clear that supply and demand do cover each other as they pull towards one another, and thus there is a "value" they gravitate towards, but that profit can be made via avenues not related to surplus value (though not as a rule, always temporary).

As for the USSR, there was appropriated surplus, it was just redirected towards development by the working classes, and in the interests of the working classes. This is very much a surplus, even if it isn't appropriated privately. This is important, because an individual worker will not be entitled to the "full value of their labor," it is the working classes that will be, and thus can distribute from ability to need.

this post was submitted on 17 May 2026
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