I have not listen to the video but see no contradiction in what you are saying. Curiously on the INTENSIVE SELF LIMITING side of the story during the sixties it was advanced the idea that at the core the proletariat had joined the capitalist class in the exploitation of rest of the world.
From the Wikipedia.
Unequal exchange is a much disputed concept which is used primarily in
Marxist economics, but also in
ecological economics, to denote forms of
exploitation hidden in or underwriting trade. Originating, in the wake of the debate on the
Singer-Prebisch thesis, as an explanation of the falling terms of trade for underdeveloped countries, the concept was coined in 1962 by the Greco-French economist
Arghiri Emmanuel to denote an exchange taking place where the rate of profit has been internationally equalised, but wage-levels (or those of any other factor of production) have not. It has since acquired a variety of meanings, often linked to other or older traditions which perhaps then raise claims to priority.
In the works of
Paul Baran, and subsequently adopted in the
dependency approach of
Andre Gunder Frank, there is a related but distinct concern with the transfer of values due to
superprofits. This did not refer to the terms of trade, but to the transfer taking place within multinational corporations (called "monopolies"). Versions of unequal exchange originating within the dependency tradition are commonly based on some such concern with monopoly and center-periphery trade in general. Here, if unequal exchange occurs in trading, the effect is, that producers, investors and consumers incur either higher costs or lower incomes (or both) in the buying and selling of commodities than they would have, if the commodities had traded at their “real” or "true" value. In that case, they are disadvantaged in trading, and their market position is worsened, rather than strengthened. On the other side, the beneficiaries of the trade obtain a
superprofit. This term implies that the beneficiaries of unequal exchange are capitalists or entrepreneurs, whereas as understood by Emmanuel t
he beneficiaries are the high-wage country consumers or workers.
