,The Digital Metaphysics of Cognitive Capitalism: Abandoning Dialectics,the North Atlantic Left Inve

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In North Atlantic left theory,the law of value dies because the dialectics of labor time and value,which is the ground of Marx’s labor theory of value,is assumed to have lost its explanatory power in cognitive capitalism in which the time of labor is close to zero,and labor,therefore,is seen as having no central role in producing value.Value becomes immeasurable and exploitation is displaced by expropriation.These assumptions are based on an undialectical understanding of the relation of cognition and labor,in which they are regarded as binary oppositions and labor is reduced purely to doing as opposed to knowing. However,knowledge is always part of labor and intensifies labor according to Marx.Therefore,the same concrete labor times are translated into different abstract labor times.The abstract labor time required in immaterial production (software) is more than zero.The law of value operates as long as capitalism exists.
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