This fool doesn't understand intrinsic-value, that being labor poured into a commodity, determines this, nor does the fool understand that supply-and-demand only tells the Capitalist where to allocate labor and not the value of a good.
I feel like I should be sad, but I choose not to be for the person's idiocy is out of my control.
Oh if they did read books, they would only find instructions to militarily enforce the status quo or either more baseless rhetoric to do such. Truly, the Right is the "collective hivemind" they project unto the "Left."
Mfw not all communists are unaware of the economics of capitalism. Mfw Karl Marx, a communist and economist, states in Value, Price and Profit that "The value of a commodity is determined by the total quantity of labour contained in it," not supply and demand as this post suggests, and, furthermore, that "Supply and demand regulate nothing but the temporary fluctuations of market prices. They will explain to you why the market price of a commodity rises above or sinks below its value, but they can never account for the value itself," thus making this post inaccurate, and consequently ironic actually, when it claims to know how the value of commodities are determined but proceeds to depict supply and demand, which only determine market prices.
under communism its determined by the amount of labor that goes into its creation.
Under capitalism, it revolves around this value too.
Just because you don't understand economics doesn't me others don't either lmao
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This fool doesn't understand intrinsic-value, that being labor poured into a commodity, determines this, nor does the fool understand that supply-and-demand only tells the Capitalist where to allocate labor and not the value of a good.
I feel like I should be sad, but I choose not to be for the person's idiocy is out of my control.
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Iron you're a fucking savage.
HAHAHA
like, Adam Smith, in the wealth of nations, postulates a very vulgar form of the ltv.
The right just doesn't like books I guess.
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Oh if they did read books, they would only find instructions to militarily enforce the status quo or either more baseless rhetoric to do such. Truly, the Right is the "collective hivemind" they project unto the "Left."
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You got a 8.05% upvote from @upmewhale courtesy of @thicksauc!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
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Mfw not all communists are unaware of the economics of capitalism. Mfw Karl Marx, a communist and economist, states in Value, Price and Profit that "The value of a commodity is determined by the total quantity of labour contained in it," not supply and demand as this post suggests, and, furthermore, that "Supply and demand regulate nothing but the temporary fluctuations of market prices. They will explain to you why the market price of a commodity rises above or sinks below its value, but they can never account for the value itself," thus making this post inaccurate, and consequently ironic actually, when it claims to know how the value of commodities are determined but proceeds to depict supply and demand, which only determine market prices.
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