The labor theory of value is a valueless theory.<p>I&#x27;ve never, ever seen a credible argument that saya capitalism is based on the elimination of a persons right to their labour value.  That sounds terribly like some undergraduate student publication or occupy chant.<p>Capitalism is about the freedom to control and own capital - it&#x27;s not a &#x27;social conceit&#x27;, capital refers to assets, whether physical in the for,s of factories and farms, or others, such as inventions and savings.  The ability to freely allocate capital and follow ones free economic agency is the greatest engine for eliminating poverty the world has ever known, despite its obvious and some,times major flaws.