this post was submitted on 09 Feb 2024
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chapotraphouse
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Labor Theory of Value. I don't know how common it is, but I've seen people using it to justify killing someone who stole something from you, because "you bought it with hours of your work".
In fairness this stems from leftist misinterprtations of the LTV which mix up exchange and use value and fail to nail down "Socially necessary". The genius of marx is that he shows that the folk conception of value is several different things, and that Marginalist interpretations conflate these things to maintain the supremacy of capital.