Chen Wenhong
Synopsis: This book provides a comprehensive review of 102 fallacies in the labor theory of value and surplus value theory of 'Das Kapital,' and its anti-technology, production-oriented economics. Marx’s main economic theoretical errors are as follows: First, he confused the function of machines with the properties of raw materials, equating them as 'constant capital.' According to this, highly automated enterprises need to extract surplus value from labor-intensive enterprises to survive, and expanding reproduction can only increase the number of workers, that is, the total labor time, to increase the socio-economic output value. Second, he advocated that 'machines do not create value' while insisting that 'machines produce relative surplus value.' His theory of capital exploiting labor cannot be established. Third, he believed that capital monopoly leads to the 'explosion of the shell' of the capitalist mode of production. Facts have shown that private enterprises have unlimited capital capacity and investment and operation functions, and with government support, they can complete any large-scale public project investment, construction, and operation, and develop the technology economy.
