134
This is the core of Marxism
(hexbear.net)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 07 Jun 2024
134 points (100.0% liked)
chapotraphouse
13547 readers
581 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Gossip posts go in c/gossip. Don't post low-hanging fruit here after it gets removed from c/gossip
founded 3 years ago
MODERATORS
I imagine if the LTV got debunked we'd all have a good time never needing to work, since valuable goods apparently just appear out of nowhere.
Yeah well what if you made something and no one wanted to buy it? Checkmate, tankie.
Labour is what gives something value, but not all labour is of value (see: Keir Starmer)
Keir Starmer couldn't even make a proper mud-pie if he was living in a bog
That's essentially what liberals say
This is literally a foundational theory of mainstream liberal economic models, down in the bedrock where even econ grad students don't get taught about it lmao.
It’s odd that Marx was inspired by liberal economists, yet the ones we see today are the caricatures of capitalists we see in old timey propaganda
LTV was the greatest achievement of classical liberal economy, but after developing it some more, they realised that by itself it is incredibly damning to the capitalist class and its further development points on socialism (like it led Marx to) and thus the pet economists since JS Mill took a step back into the current hamster wheel in which they still run almost 200 years later. It's not coincidence that even liberal proponents and pioneers of LTV are forgotten (or never mentioned in the context of LTV) and bulk of even educated libs think it was sole invention of Marx - it allows them to claim entire scientific socialism is a cult and one single madman hypnosis over 1/3rd of humanity.