3 ms·
The questions you ask are effectively asking that the markets use the Labor Theory of Value [1] to price labor (and this goods) rather than the way labor is pri
by AndrewKemendo 7y ago
The questions you ask are effectively asking that the markets use the Labor Theory of Value [1] to price labor (and this goods) rather than the way labor is priced currently which is a form of Supply and Demand [2].
The current form of global capitalism doesn't really have a direct corollary to the LTV pricing mechanism.
[1] https://en.wikipedia.org/wiki/Labor_theory_of_value https://en.wikipedia.org/wiki/Labor_theory_of_value
[2] https://en.wikipedia.org/wiki/Supply_and_demand https://en.wikipedia.org/wiki/Supply_and_demand