▲ 203 ▼ Trump will tariff away funko pops (hexbear.net) submitted 2 years ago by plinky@hexbear.net to c/chapotraphouse@hexbear.net 63 comments fedilink hide all child comments
[–] RNAi@hexbear.net 16 points 2 years ago (4 children) Who the fuck denies LTV? permalink fedilink source parent hideshow 4 child comments replies: [–] Rod_Blagojevic@hexbear.net 35 points 2 years ago Capitalist mystics, aka libertarians, will often argue that there is no discernable basis for price. It's just whatever a seller and purchaser agree it will be. There's nothing else to know and no need to consider how or why prices tend towards a predictable level. Where do wages and profit come from and why some people get more than others? That's just personal morality reflected as value. Value is absolutely not the product of work. They'll still also argue that increases in minimum wage necessarily result in corresponding price increases, completely forgetting that profits even exist. They'll also tell you that you don't understand basic economic ideas. permalink fedilink source parent [–] 2Password2Remember@hexbear.net 19 points 2 years ago supply and demand fetishists Death to America permalink fedilink source parent [–] RuthlessCriticism@hexbear.net 13 points 2 years ago Basically every economist, including 'Marxian' ones. permalink fedilink source parent [–] SeventyTwoTrillion@hexbear.net 4 points 2 years ago* denial of LTV is where the whole "paying somebody to dig a ditch and then fill it back in again is a refutation of Marx because there's no value created there and yet labor was done" thing comes from, which is really a sign that these people haven't read a single word of Marx permalink fedilink source parent
[–] Rod_Blagojevic@hexbear.net 35 points 2 years ago Capitalist mystics, aka libertarians, will often argue that there is no discernable basis for price. It's just whatever a seller and purchaser agree it will be. There's nothing else to know and no need to consider how or why prices tend towards a predictable level. Where do wages and profit come from and why some people get more than others? That's just personal morality reflected as value. Value is absolutely not the product of work. They'll still also argue that increases in minimum wage necessarily result in corresponding price increases, completely forgetting that profits even exist. They'll also tell you that you don't understand basic economic ideas. permalink fedilink source parent
[–] 2Password2Remember@hexbear.net 19 points 2 years ago supply and demand fetishists Death to America permalink fedilink source parent
[–] RuthlessCriticism@hexbear.net 13 points 2 years ago Basically every economist, including 'Marxian' ones. permalink fedilink source parent
[–] SeventyTwoTrillion@hexbear.net 4 points 2 years ago* denial of LTV is where the whole "paying somebody to dig a ditch and then fill it back in again is a refutation of Marx because there's no value created there and yet labor was done" thing comes from, which is really a sign that these people haven't read a single word of Marx permalink fedilink source parent