There is no such thing as a $20 object. If you think so, we cannot reconcile, because you are adhering to demonstrably false nonsense like the labor theory of value.
It's just so easy to disprove your philosophical underpinnings a literal child could do it.
I have a glass of water in front of me. You try to sell me a bottle of water. How much of a good is it? 0$
Now I'm in the desert dying of thirst. How much of a good is it? $10000.
I can't believe anyone is still a communist past first grade.
"There is no such thing as a $20 object. "
That's because money isn't based on value its based on price. Labor is used to measure value, like I said a few hundred times lmao retard.
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You can work for 20 days at making a post, 8 hours a day, that will have no value. It isn't labor that creates value if that labor isn't directed at making a product of value.
If the post you make that takes 160 hours consists of 10010001001010100 it will be valued according to the subjective benefits perceived by the consumers - curators in this instance. It will likely have 0 value.
If you post an incredibly insightful poem, or new item, even if it takes you little labor, it can have great value, even save lives.
The labor may be necessary to produce goods, but is only valuable in relation to the necessity and utility of the good.
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Services vs objects
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Labor is service.
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No, you and a few fringe nutjobs are the only retards who think you are able to calculate the "labor input" (a thing that does exist quantifiably) and calculate a "price output" like it's some kind of fucking formula.
Again I ask you to explain what use your useless theory has if the world runs on PRICE NOT "HYPOTHETICAL VALUE"?
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"Again I ask you to explain what use your useless theory has if the world runs on PRICE NOT "HYPOTHETICAL VALUE"?"
because the world runs on a flawed system bound to collapse.
https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation
"No, you and a few fringe nutjobs are the only retards who think you are able to calculate the "labor input" (a thing that does exist quantifiably) and calculate a "price output" like it's some kind of fucking formula."
measure average labor taken, pay more if more labor is done. Easy. Societies have done far better on systems like that, I think it was anarchist spain that did something like that with coupons.
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OK, I sort of agree with your collapse thesis. Humanity currently deals with this (IMO, very unfairly and poorly) by hyperinlating all debts/contracts away every average ~40 years in a fiat-printing cycle.
So, insomuch as this cycle can continue indefinitely, it's only "bound to collapse over and over, according to plan".
What is your proposal for an alternative? Mine is separating the store of value from the transactional currency. Bitcoin was doing this nicely before Segwit.
Please directly address this:
What is "measure average labor taken"? What is average labor? In hours? Does a guy that lifts 1000 lbs an hour get 1 hour credit the same as a woman who lifts 500 lbs per hour? If so, why?
Can you define this please?
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"I can't believe anyone is still a communist past first grade."
you see that massive crash right there? It took 10-15 years to fix, even though they had far better technology. Do you want to know what caused it? The USSR turning capitalist.
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If you are even remotely intellectually honest, you would know that a grandiose claim like this with no evidence is specious.
Citation? Proof? A modicum of reasoning explaining your "assertion"?
That's such a bullshit claim. The anarchy created during change of goverments makes this the EXPECTED outcome. Why don't you post the graph for Venezuela here in 10 years and claim it's all because they took down that naughty Maduro?
LOL.
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Please extend your graph back 70 more years, and we'll see the impact of Russia turning communist.
It is the transformation of one system to another that is largely shown in your data, not specific to capitalism.
I assure you that the advent of communism was far more deadly.
Although, Russia has never been either communist or capitalist in more than name. Russia, like all nations, has always been a hybrid with a terrorist component, just like the USA.
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"I have a glass of water in front of me. You try to sell me a bottle of water. How much of a good is it? 0$
Now I'm in the desert dying of thirst. How much of a good is it? $10000."
price vs value, still.
https://en.wikipedia.org/wiki/Labor_theory_of_value
now read this or fuck off
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I already did and quoted it back to you. It's idiotic.
Basically the whole world accepts this except you.
Explain to me what good a THEORY OF VALUE IS HYPOTHETICALLY when THE WHOLD WORLD RUNS ON PRICE AND ACTUAL FACTS?
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the price is clearly a reflection of value, particularly in this case. The different value the exact same good can have reflects the actual world we live in.
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Price is not a reflection of value, it is a reflection of need.
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?
If you need something, then it is valuable to you. However, your statement is inaccurate, as not everything priced is necessary.
Example: I am not needy, I am wanty.
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