Message from @Timo)))
Discord ID: 354216529463738388
Well you're doing a shit job
You said personal value decides prices and then you said competition would lower the price which contradicts the previous statement
Try again
A price is always defined by personal value, whether that goes up or down depends on the system
@Deleted User how old are you?
Young enough to be an anarchist
@Timo))) *whether that goes up or down depends on the system*
So where does personal value come into play here?
It always does in a free market
How
You just said competition would lower the price
Supply and demand, literally economics 101
Competition does lower the price
What's your point?
Stop running away form this obvious fuck up that you made
So then personal value doesnt decide price?
It does
In a free system
But you said competition lowers that price
right
Meaning personal value doesnt effect that
It does
Because the competition lowered the price that is supposedly already pre determined by personal value
No one's competing for a product no one wants
Im not denying that
Then what is even your point?
You said that personal value decides the price, but if the market opens up which ''lowers'' the price then personal value was not the main factor in the price of that product
It does play a factor, which is what I was arguing
Of course the amount of people working on a product also determines the value
However if enough people value it it would bring in competition
which lowers prices
So then subjective value does not decide market prices but there are a miriad of factors?
It does decide market value in a free market
Not instantly but it does in time
I'm curious as to how old this illiterate anarchist cunt is. Because for someone to live this long without a brain is amazing
So then personal value is the sole decider in market prices?
No
How common a product is too, tulips were very expensive at a certain time
Because certain types are rare
So then subjective value does not decide market prices but there are a miriad of factors?
Stop this. You are monopolising the higher ground.