Move over Bukharin, here’s

When the rising bourgeoisie were directly concerned in the processes of production, when their personal directing activities were also involved, their political economy, from Sir William Petty to Ricardo, came to recognise labour to the full as the creator of value. As, however, with economic development the capitalists became less and less personally connected with the labour process, as they become increasingly mere absentees, coupon clippers, and ignorant of production, which came to be carried on entirely by hirelings, and as moreover by the culmination of classic economy by Marx the kernel of capitalist exploitation was laid bare, so it became necessary to find a theory of economics that did not lead with inevitable logic to Socialism. At the same time, by the capitalist becoming a consumer solely, so the consumer grew in importance in his eyes and the attributes of consumption in the form of “demand,” “ utility,” etc. — the reflex of the value process — became its foundation from the inverted viewpoint of the parasite. Thus a school grew into prominence which no longer recognised value as a result of the application of labour to useful ends, but held in effect that under the guise of “demand,” “esteem,” and “utility,” the value of a commodity was the creation, not of the producer, but of the consumer! To the workers, however, in daily contact with the material basis of life, such a theory must ever remain unreal and fantastic, and with them the fact of the worker as source of value must retain its fundamental importance until and unless a time comes when wealth is produced without labour, and when palaces, banquets and motor cars descend ready made from heaven.