No1re Dame fan

@JoesPapajo57246 @BolshevikCake @ReviewsPossum Nope. You could spend all the time and labor on something you want. If nobody wants to buy it, it's worth $0.

@MagicMan720866 @BolshevikCake @ReviewsPossum No, that’s not what I’m saying. Although the ultimate factor determining the exchange value of a commodity is the socially necessary labour time required to produce it, use value is still required for something to be considered a commodity. Use value ≠ exchange value

@RadicalModerad2 @BolshevikCake @ReviewsPossum It proves the tendency. You can put all the labor you want into it. The value is ultimately a question of how much someone else desires it, if you were to sell it.

@MagicMan720866 @BolshevikCake @ReviewsPossum This only serves to explain one very anecdotal exchange. LVT is meant to explain the general tendency, not each particular exchange.

@ididnttouchlucy @ReviewsPossum lol. Lmao even

@MagicMan720866 @ReviewsPossum …yes? reddits full of performative fake-woke socdems and libshits

@ididnttouchlucy @ReviewsPossum Ah, Reddit. Infamously known for being anti-Marx.

@MagicMan720866 @ReviewsPossum reddit humor

@JoesPapajo57246 @BolshevikCake @ReviewsPossum So how much someone desires it determines its value… which is my point. Value comes from the consumer, and it is subjective.

@MagicMan720866 @BolshevikCake @ReviewsPossum Marx never said labour time = value. Socially necessary labour time is what you’re looking for. A random hole provides no use to anyone and would therefore have no value as a commodity regardless of the labour time put into digging it.

@uscfan981 No

Say something nice about California.

@shot343 .

Clix leaks hidden tech to hold your wall 100% of the time 🤫

@BolshevikCake @ReviewsPossum Yes, and? I understand your point, it’s just not relevant here. You could have all the workers you have to pay, and price a good high enough to pay said workers, and cover the time and materials costs… but if nobody wants it, the value is still $0. Value comes from the consumer.

@MagicMan720866 @ReviewsPossum you are either too stupid to see or trolling at this point. Certain commodities cant be sold under a certain price, because the price would be lower than the costs

@BolshevikCake @ReviewsPossum No? Not what I’m saying at all. Idiotic sellers also exist.

@MagicMan720866 @ReviewsPossum so youre saying that REALISTICALLY selling a tone of steel for one dollar isnt possible because of monopolies or idiotic consumers? loooool

@BolshevikCake @ReviewsPossum If use value is subjective, so is exchange value, and vice versa. So value is subjective. Period. Depends on the situation. Either some consumers are idiots, or there is a monopoly in place. Neither makes value anything but subjective.

@MagicMan720866 @ReviewsPossum exchange value is, but commodity fetishism exist. Wonder why certain commodities cannot be sold under a certain price?

@BolshevikCake @ReviewsPossum Yeah so value is subjective and not based on labor, retard.

@MagicMan720866 @ReviewsPossum yeah, thats the point of use value - its subjectivity, retard

@BolshevikCake @ReviewsPossum Conservative-leaning libertarian, actually. Use value is also subjective. The nugget was clearly useful for the sake of personal enjoyment, fetish or not. Meanwhile you can find all the uses for the hole in your backyard you want. If nobody wants it, you’ve wasted your time.

@MagicMan720866 @ReviewsPossum as i said, this is called a commodity fetishsm. commodities have exchange value because of their use value, and labour = exchange value. If something has no use value, it has no exchange value either. Marx did not invent ltv btw. You liberals always argue with Smith, not Marx

@BolshevikCake @ReviewsPossum It does. Prices are simply information on how much a person is willing to pay… ie how valuable it is to that person. If labor = value, then a random hole you dug in your backyard for several years, that nobody wants, would be worth a fortune.

@MagicMan720866 @ReviewsPossum the price still does not represent the value of that nuggest.it is called commudity fetishism

This is economically illiterate. The capitalist doesn’t steal value, he supplies the capital, risk, factory and know-how that makes production possible. Workers trade labor for agreed wages. Customers set the real value. Billionaires create it; the IRS takes 48% of your check.

@BolshevikCake @ReviewsPossum Value is subjective. If someone’s willing to pay $10,000 for an amogus nugget, you’re gonna treat that nugget like it’s worth $10,000. Even if the guy who bought it is an idiot.

@MagicMan720866 @ReviewsPossum price =/= value

@PossumPlay3r Amogus nugget

Mises Hayek Mencken Stirner Rothbard Sowell A 3 year old child I can keep going

@higgernater87 @found_it_funny Thx Nate

@found_it_funny its not a swastika guys, its a tatoo of a piece of chex mix yall are so dirty minded.

@Chad_Moats @TimePreference_ So… supporting countries dealing with communist revolutions, which the USSR helped with. At best your argument here is that both countries fucked with each other, otherwise you have to concede the US was helping those countries defend themselves. So how did the USSR lose?

@MagicMan720866 @TimePreference_ US actions involved extensive, often covert, operations to stop the spread of communism including proxy wars (Korea, Vietnam), coups (Chile 1973), embargoes (Cuba), supporting t rebel groups (Nicaragua, Afghanistan), and espionage, sabotage, and support for autocratic regimes.

the austrian school is unpopular in universities for the same reason lockpicking is unpopular among locksmiths

@S1apSh0es Yeah Pepsi > Coke. Diet Pepsi is terrible tho

In this house, we stan the Carolina creation known as Pepsi.