Message from @pratel
Discord ID: 497751348805238794
Capitalists trust price signals. Communists don't.
Heres a missing concept people often overlook
Leftwingers see "time spent" as the value
Rightwngers see "resource contributed" as the value
If a person works 1 hour on a machine, to create 10x the product
One side wants them paid for 1 hour
The other wants them paid 10x for the resource
And since they see Rich people as working just as long as minimum wage people
Equality of outcome seems fair to them
I often hear the rhetoric question "How do you put a price on X?" Well, the same way you put a price on anything else!
Competitive bidding
Kind of.
The value of a thing is whatever people would be willing to exchange it for.
@Dr.Wol It's worse than that. You know why the USSR and China didn't get along? Mao believed agricultural labor was more representative of the working class. Stalin believed that was industrial labor. They didn't get along.
And that's endemic everywhere on the left.
It doesn't matter if the monetary price has a few more zeroes or not.
You can print as much money as you want, but in a decently working market economy, things of equal value will end up with around the same price.
Alright you guys, start fightin'.
We're trying.
Michigan Union types think Californian Actors Guild members are lazy bumfucks who get all the accolades for doing nothing valuable. The Californain Actor Guilds think the Automakers union members are deplorables.
But we haven't had enough beer, yet.
And where are the ice cubes to throw at each other?!
This should help.
What kind of mosh pit is this?!
@Undead Mockingbird Exactly. Money isn't the important signal. It's all in the relative pricing of resources.
Right.
people have a different concept of money
Some see it as a commodity, if you have lots of money you can do a lot, you can print it, you can steal etc its just an object with value
Others see it as a compensation of work
If there are 4 coconuts on an island and there are $100 in circulation, each coconut is worth $25. If there's $1000, they each are worth $250.
Is the sand worth nothing
Is labor worth nothing?
the coconut is as much worth as i'm willing to pay for it
Can you get new coconuts?
How much labor do you have to invest to get a cocounut?
That's your cost of labor.
Good luck opening the coconut in such a way that you keep all the milk.
Right.
This gives the rocks worth.
Gotta find a good rock.
And there's the complexities of real world markets coming in.
But it's not like we just pick prices.
That's why it's so hard to centrally plan price signals.
thats because central planning revolves around assuming people will pay for a fixed price
What we just hashed out packs more understanding of economics into the space of two pages than the entire knowledge of Marxist economies.
It also assumes the cost of production is entirely predictable, for every product in the field you control
Yes.
Marxism has no economy