The Iran war and the collapse of US empire

Wed, 01 Apr 2026 00:00:00 +0000

Greetings patrons,

It’s time for another research update. In this letter, two things:

(Not) testing the labor theory of value
The Iran war and the collapse of US empire

(Not) testing the labor theory of value

At its root, economics is filled with a set of core theories that are untestable. Marxist economics is one of the main offenders.

Now, unless you’ve spent time in a grad-school social-science department, you’ve probably never encountered an academic Marxist. But I assure you that they exist, and that they produce silly things. Academic Marxists have built a towering edifice of theory on the back of Marx’s labor theory of value. Everything they say hinges on the idea that workers produce all value, and that capitalists take an unearned cut by exploiting workers.

US Military on Blair’s Updates

The Iran war and the collapse of US empire

(Not) testing the labor theory of value