-
So this is really an argument for ancient societies,
-
without capital accumulation and
-
without private ownership of the land.
-
In these conditions, if there is no capital accumulation
-
and no private ownership, land is commonly owned,
-
then the whole produced labor belongs to the laborer.
-
This is where he, Marx,
-
will depart dramatically from Adam Smith.
-
So where does the profit and rent come?
-
Well are capitalists simply exploiting the workers?
-
He said, "No, there is a distribution of
-
value between labor, capital and rent."