Surplus Value (fringeelements)

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Category:

Nonprofits & Activism

Tags:

• Surplus
• Value
• Consumer
• Producer
• Marxist
• Marxism
• Profit
• Capitalist
• Exploitation
• Monopoly
• Labor
• Theory
• Subjective
• fringeelements

[ChaosSilver25]

almost everything is worth more then money because money is there so you can buy stuff with it then you actually need or want , you can't really do more with money

[fringeelements]

Are you talking about medium of exchange? It appears to me you don't understand what money really is, so okay, lets try this: you have tomatoes and want pickles. Without a medium of exchange that everyone accepts, you would have to find a pickle-owning tomato wanter. If everyone agreed on something to enable the exchange, like silver or gold, you could get what you want much easier. That's how money came about in the first place. Later on the state intervened and screwed things up.

[fringeelements]

No I'll block you because I know who you are. Also people say, "you can't just block them", but never explain what I have to gain by letting the post on my channel.

"Oh really MarceltheMaoist, white people are the cancer of the world and profit is exploitation? What a unique perspective."

"Wow BP, I had no idea that by denying moral facts I was denying all facts. You must have a deep, nuanced view to come to such conclusions, since it can't be that you're just an aggressive asshat."

[ahamatmabrahman]

@fringeelements You may be interested in video - courts afraid of us now and the lawful bank -

[SuperLenin69]

@fringeelements Really? What determines scarcity of cola? Where do commodities come from? Who produces what is supplied, to be demanded? LTV + M-C-M apparently explain both 'scissor blades' in a way that STV/marginalist economics do not- they merely examine the relationship between the consumer and the commodity, saying nothing about human relations or the actual generation of market value which comes from, sorry, labour- so you have to acknowledge labour as more than just a "resource."

[fringeelements]

If an industry has a wide discrepancy between input and output costs, new firms will enter, bidding down the discrepancy. In a total market there is a long term trend to bid down accounting profit and cartels are not sustained in the long run without state intervention.

The LTV fails to establish a causal explanation for "Marshal's Scissors". Constructing an objective labor-relation does not causally explain actions that lead to inputs tending toward outputs. Marginal utility and the STV do.

[fringeelements]

You might as well be quoting scripture, that's how meaningful SNLT and "types of value" are to me.

Does the sheer complexity of the LTV not give you pause? It's not a moral claim, but it's like an objective moral theory in that it tries to construct an objective relation to prove a non-cognitive sentiment true.

The cost of inputs tending toward the cost of outputs is causally explained by firms seeking profits.

[fringeelements]

I value people for their personality, that's personality value? There are bajillions of "types of value", and each operate differently and can all be modeled as separate types of value just like exchange and use. All types of value work the same with the STV, so conflating them is appropriate.

There is no need to construct the concept of "socially necessary labor time". The STV renders it an obsolete concept because no objective value tied to labor needs to be established.

[SuperLenin69]

@fringeelements Again, Marx describes the two different terms you're blurring together as use value and exchange value. It doesn't matter how much you "value" (enjoy=>use value) your CPU, if a raindance makes a million the VALUE (exchange value reflecting socially necessary labour time) will plummet. Use value, of course, is subjective, but we see confirmed everywhere an average productivity established, reflected in average market price. Where is the morality or tautology in my logic?

[fringeelements]

No, preferences / value is objective in marxist la-la land. In real economics and economics that has any predictive power, value is subjective. The LTV is probably the most debunked and obviously false idea in all of economics. Forming tautologies does not make something objective.

It's a lot like objective morality, and the LTV is really a moral argument disguised as a scientific description.

[SuperLenin69]

"Surplus value on the consumer side"? A logical non-sequitur separates this from the conventional definition of surplus value. You should use a different and less misleading phrase. Value in general functions socially and objectively, having nothing in common with the psychology behind consumer desire.