Dak
mentat
Its lack of validity isn't as important as what it tells us about labor under modern industrial capitalism. That is, it's a critical apparatus; not a model for functionality.
http://www.smbc-comics.com/index.php?db=comics&id=2012#comic
Two things I don't understand here:
1. How can something be invalid yet hold value in criticism?
2. What does the comic have to do with it?
Referring to the prior explanation of the LToV, not all marxian thinkers agree with that, and in fact I expect most don't:
http://www.marxists.org/archive/camatte/wanhum/wanhum05.htm
Capital dominates value. Since labor is the substance of value, it follows that capital dominates human beings. Marx refers only indirectly to the presupposition which is also a product: wage labor, namely the existence of a labor force which makes valorization possible:
"The barrier to capital is that this entire development proceeds in a contradictory way, and that the working-out of the productive forces, of general wealth etc., knowledge etc., appears in such a way that the working individual alienates himself [sich entaussert]; relates to the conditions brought out of him by his labor as those not of his own but of an alien wealth and of his own poverty."
It's been pretty clear to me, and I think this is the primary point of attack for the Rothbards of history, that the entire edifice of Marxist thought rests entirely, like an inverse pyramid, on this one faulty theory (which of course did not originate with Marx). While arguments can be made about particular unethical actions in relation between employees and employers within a capitalist system, only with the LToV can one denounce even though most generous arrangement as still "destroying the human" by virtue of the existence of the system.