3 ms·

My god the fact that people here argue for the LTV is sad. Literally every bit of theoretical marxism, including the Labor Theory of Value, the "absolute gener

My god the fact that people here argue for the LTV is sad. Literally every bit of theoretical marxism, including the Labor Theory of Value, the "absolute general law of capital accumulation", the "tendency for the rate of profit to fall", and the entire set of predictions around "dialectical materialism" are all debunked by more than a hundred years of history. Can we drop it now, or do we have to be enamored by his fashionable nonsense for another hundred years?

kelipso 4y ago
More like a hundred years of obvious capitalist propaganda. Marxist theory is taught in normal economics courses in China, a country projected to be the largest economy by the end of this decade, largest economy by GDP PPP, largest number of people who escaped poverty in the last x decades, etc etc. Argue it's because of capitalism sure but LTV or Marxist theory are not "debunked" lol.
- robocat 4y ago
  What is taught in school and what people learn are often vastly different, in any culture. In Shenzhen every single person seemed to be running a business, and it felt like one of the most truly capitalist places I have ever been. In New Zealand people are dependent on their government, and few people try to run their own business. You don’t need to risk much in New Zealand, so most people don’t.
robocat 4y ago
Consumer Surplus and Surplus Value have their similarities. Flaming someone for using some words that appear to trigger you is unproductive. Maybe give them the benefit of the doubt, especially since their last sentence seems to argue for capitalism. https://wikipedia.org/wiki/Economic_surplus#Consumer_surplus https://wikipedia.org/wiki/Economic_surplus#Consumer_surplus https://wikipedia.org/wiki/Surplus_value https://wikipedia.org/wiki/Surplus_value Perhaps review: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

kelipso 4y ago

More like a hundred years of obvious capitalist propaganda. Marxist theory is taught in normal economics courses in China, a country projected to be the largest economy by the end of this decade, largest economy by GDP PPP, largest number of people who escaped poverty in the last x decades, etc etc. Argue it's because of capitalism sure but LTV or Marxist theory are not "debunked" lol.

robocat 4y ago
What is taught in school and what people learn are often vastly different, in any culture. In Shenzhen every single person seemed to be running a business, and it felt like one of the most truly capitalist places I have ever been. In New Zealand people are dependent on their government, and few people try to run their own business. You don’t need to risk much in New Zealand, so most people don’t.

robocat 4y ago

Consumer Surplus and Surplus Value have their similarities. Flaming someone for using some words that appear to trigger you is unproductive. Maybe give them the benefit of the doubt, especially since their last sentence seems to argue for capitalism. https://wikipedia.org/wiki/Economic_surplus#Consumer_surplus https://wikipedia.org/wiki/Economic_surplus#Consumer_surplus https://wikipedia.org/wiki/Surplus_value https://wikipedia.org/wiki/Surplus_value Perhaps review: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html