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yes, one might make a moral judgement that exploitation is a tendency of capitalism, if one believes that people who control more capital have structural power
by ruined 6y ago
yes, one might make a moral judgement that exploitation is a tendency of capitalism, if one believes that people who control more capital have structural power over those who control less or no capital, thus narrowing the viable subjective preferences in a way that is "bad".
but ltv on its own provides no such judgement, it simply describes the material relationship.
- UK-Al05 6y agoLTV on its own shows very little predictive value in the real world. Which is why it isn't used. Marginal economics explains and models a lot things we see in reality. I'm much more likely to believe a model that has predictive ability.
- freshhawk 6y agoLeaning on the predictive power of "the dismal science" isn't a strong base to argue from.
- confidantlake 6y agoI agree with that predictive ability is important but I have seen no evidence that marginal economics has predictive ability. You yourself even say it "explains and models" which is not the same as predicts.