Message from @el pebble
Discord ID: 520291090805293056
No
lol guys what are words
"old world market economy by adding government enforced contracts "
Sid won't be happy until the informal economy returns and he can stick children in coal mines again
not capitalism
I don't have kids one
two im 16
3 I'm not saying that
jesus
***several people are typing***
I'm saying the free market is much more efficient
I'm out lads
Resorts to ad hominem attacks when you lose a debate
Market economies do not allocate values to goods better than labor value does
Free market capitalism is not the only form of capitalism. One can have government intervention and it still be called capitalism, just not free market
So no it's not more efficient
Yes they do
"labour theory of value"
what a joke
@Shalopy No, theres only one form of capitalism, the free market is the definition
Labour theory of value, value isn't determined on labour
it's determined on the value the consumer places on it
you can spend a day digging a hole and filling it up
doesn't mean it'll be worth more
it's an illiterate idea
Socialist economies are extremely inefficient, so are socialist policies
Capitalist economies are miles ahead
All empirical studies by Zechariah, Sraffa, Farjoun and Machover, Cockshott and Cotrell show that labor value clusters around market prices more accurately than production price theory
As shown by today and the past
Of course you wouldn't understand what the LTV is
Not atall
I do
it's just dumb
lol
Because it's completely illogical
Then you could understand the quantum math behind it and the difference in productive and unproductive sectors
I remember an explanation going around about profit, i cant remember what it was about but it did go in the face of libertarian economics to some degree
And explain it to me
It's more of the fact that it doesn't allocate resources properly
Making profit =/= capitalist \