bruh

Labor theory of value is stupid

@21ooAB so what is the best theory of value

How is labor theory stupid

Elaborate and explain

@Maksim Whatever people give an item is its worth

I don't think an Iphone is worth the value of the labor to produce it

Its worth less

(Lol jk, I just hate Apple)

but I think abandoning markets entirely is a bad idea

Market Socialism time

I prefer a market with a HEAVY course correction

that constantly adjusts itself

Degenerate industries clamped down upon

Credit made fair

and usury illegal

@21ooAB There is "demand" for egirl bath water, which automatically invalidates any legitimacy the "market" has

@Maksim You can ban all of those things

I just view the market as a system of organization

@21ooAB What you're suggesting is just Market Socialism

@Maksim Labor theory of value takes out subjective utility and quality, among ignoring the telos of the good itself. It was also drafted by Petty, who was too busy brown-nosing Cromwell and the puppet kings he put in power.

@Maksim Perhaps so

but I will have to research it

Market Socialism : ❤️

Labor value is somewhat reasonable, but has some holes. Public cannot determine value at all, mostly do to corporations controlling value of products. Ultimately it is culture itself with defines a products value in society, due to the fact that culture is more productive than both labor and public values.

Subjective theory of value

Ew

tag me again and face the consequences

@Sentient23

bruh!

@Sentient23

bruh!

@Maksim I'd say it really depends both in the work put into it, and the Quality. I'd rather have a hoodie that was quality made, rather than some shitty hoodie that has supreme ironed onto it

didn't mean to ping ya, sorry

exchange value and use value are separate things in marxist theory

**QOTD 🔖 **

*Will Monarchism ever come back to Democratic countries and if so, how will they function and be presented?*

@everyone

North Korea is a Monarchy, if the US had one, it would be President for Life with appointed succession

And this President For Life would wear a suit

Not royal attire