Not in full, but I don't speak with authority on Marxian economics like Peterson does because I hardly understand it. The thing is, it's not just the Labour Theory of Value. It's the concept of commodification, theories of exchange, and so much more. It's really dense literature.
Peterson has less of an understanding of Marx than I have and he chose to debate Slajov Zizek, an actual expert on Marx. Like, really? I would have at least read Das Kapital before debating an expert on Marx.
It's like debating Dr. Seuss without getting past Page 2 of The Cat In The Hat.
I think phil answered this well:
The title of the debate was Marxism vs Capitalism. I think the idea was that they both speak for one side.
I agree with you that Peterson is weak on such topics (political economy, history etc) but it doesn't bother me one bit.
@Deleted member 16771
With respect to the Marxist theory of commodity circulation there's MCM circulation. Money > Commodity > Money. Essentially saying that capitalists use their money to sell commodities for even more money. This is Chapter 3 of Das Kapital.
I assure you, Peterson didn't read it because all he had to say is "That's not the way commodities circulate under capitalism." But he didn't.
In Chapter 4, Marx then says that money stops being capital if it's spent on consumer goods rather than to amass more money. Chapters 1 and 2 are where Marx sets the groundwork for understanding The Labor Theory of Value that even Adam Smith subscribed to, why? Because that's just what Classical economists (Adam Smith, David Richardo) thought, even if they're wrong. At least, in my opinion they're wrong.
Peterson is being lazy, foolish, or intellectually dishonest. He can't even critique Marxism right.
None of us should have to read Das Kapital. It's too long for no reason and there's lots of math in it.
Lol, it was a slog for me too, but Marxism being misunderstood is par for the course, especially in the United States where a commentator can simply appeal to the crowd.
I agree with you, which is why I asked about
Das Kapital - it actually takes a fair bit of work to get around all the angles of Marxian economics, which is why I'm skeptical of critiques of it coming from a man famous for his baseless speculations.
Having said that, the labour theory of value was a nice try, but still a miss. I'm pretty sure that the Amazon rainforest is worth something, &c. &c.
ad infinitum.
@Deleted member 16771
Do you subscribe to the concept of feminist theory as it relates to sociology?
I don't know what 'the concept of feminist theory as it relates to sociology is'; could you be a bit more specific?
He's great with respect to psychology but outside of that, I'm very critical of what he has to say on almost every other subject.
I think he's become a grifter now; it profits him to have a centre-right perspective. He'd lose the supporters he's amassed if he actually started to subscribe to Marxism, for example.
I don't expect him to change his opinion because he's got a lot of money invested in not changing.
I don't know why people keep saying that 'he's great with respect to psychology'. He isn't. He has valid perspectives, but again they're practically
all speculations. This is why in his earlier career he was constantly defending himself for making use of Jungian concepts (archetypes, &c.) against an academy which (rightly) views that stuff - along with Freud - as mostly baseless.
Now, don't get me wrong, I like Jung and I like that kind of speculation - it might even be true - but it's
not 'science'. JP's 'psychology' is very fringe, but again presented with an unjustified level of authority. Back in the day he used to couch everything in 'I reckons', but he's stopped doing that. Like you say, Pin, he's imbibed his own cult and now exists in a kind of ouroboric fantasy-land of his own making.
I like JPs mode of thinking in that he goes on stage and just spouts theories and speculations. I think that's fun, I think it's interesting. He attacks modern problems with explanatory paradigms of Jungian archetypes and evolutionary psychology, bringing to mind the kind of philosophical psychology that was going on in the early twentieth century, like the Gestalt school, &c. (which is also very fun imo). What people don't seem to recognise, however, is that there's actually very little empirical basis to both of these explanatory paradigms. They're also, of course, exceptionally difficult (if not impossible) to test. Evolutionary psychology is a pretty reasonable position, but what it boils down to in the vast majority of cases is just people saying 'modern behaviour A exists because our ancestors gained an evolutionary advantage from doing it... I reckon'. It all rests on supposition and educated guesses.
And then the Jungian stuff... yeah. Super fun - I mean we do it here all the time - but neither science nor indeed psychology. It's comparative religion at best.
Here's how to do a Jordan Peterson impression:
Start with Piaget, end with Jung, and say something intriguing but baseless in-between.