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chudscantsneed Xi/Simp Comrade Modscantsneed of the rdrama Committee to the Communist Party of China  10mo ago (text post) 362 thread views #203383

Let's learn about capitalism!

!commies !nonchuds

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Marxism is a discredited science.

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:#marseydisagree:

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Cope loser. The labor theory of value is incorrect

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Describe the labor theory of value.

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Labor is the sole source of value (except maybe natural resources aka economic land)

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Not quite, It's that you can measure the price of a commodity based on the industry average amount of labor hours that goes into its production.

Fun fact: marxists accept supply and demand too. Read Kapital.

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Yes, I'm familiar with the Marxist cope that if labor doesn't seem to correspond with value, you toss in a bunch of "on average" or "socially necessary labor time" until the numbers work out. And even then, all that's been proven is that it is consistent with marginal theory of value while being less descriptive, so why not just use marginal theory of value?

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>someone becomes a meme, turns into an influencer worth millions

>someone invents a silly game like flappy bird, makes millions

You think value correlates with labor hours? :marseyxd: Harry Potter took a few thousand hours to write. The IP's worth 43 billion.

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you think marx didn't know about entertainers or snake oils? Lol.

This argument has been had by much smarter ppl than you in the past, box. Don't bother.

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you didn't even try to address the question lol. I'm not the one pretending to be smart.

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Yeah the only things Marx didn't know were marginalism, Keynesian macroeconomics, the Solow–Swan model, and behavioral economics

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You're a new account of that GPT botmaxxer aren't you?

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Scarcity compared to Demand determines what someone is willing to pay for something, which is what determines value.

If LTV is true, explain why my shit is worthless when it takes labor and time to make?

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r-slurred :marseydisabled:

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The value of an object is determined by the labor used to produce it

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But Marxism is still highly credited. As economist he was r-slurred but as sociologist he was a genius

>:marseygigaretard: Sociology isn't a real science

>:marseygigaretard: Understanding society isn't important

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sociologist

Understanding society

:taylaug#h:

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You are probably the dumbest neolib/neocon on this website and it's not even close lmao.

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:marseyblowkiss:

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Anyone can find a problem (in this case capitalism), it's a lot harder to make a solution to it that doesn't create more problems

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If anyone could find a problem, how come Marx was the only one?

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Understanding society is important but sociology really isn't a science because standards are so low they're next to the corpses under the football stadium.

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Sociology is just what you get when you try to explain society without knowing anything about economics or behavior genetics.

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The LTV is a fake theory designed post hoc to justify Communism.

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:marseyscootertalking#:

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Calling it "science" is being extremely generous considering it only ever makes vague and unfalsifiable predictions

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