5 ms·

I did, which made me come to this conclusion. You seem to think value is created by extracting money from a product, while value actually is created by the work

I did, which made me come to this conclusion. You seem to think value is created by extracting money from a product, while value actually is created by the work it takes to create said product. How much money one does extract has nothing to do with a products value. In your Tailor Swift example earlier, the value was created by her recording the music, not by her selling tours.

satvikpendem 4mo ago
The value is absolutely in how much you can sell it. Otherwise every startup that subscribes to the "build it and they will come" philosophy would've been successful, which is obviously not the case and is a common problem that YC specifically tells founders to look out for. There is no value in building anything if you cannot convince others it is valuable. The labor theory of value is not valid.
- sevenzero 4mo ago
  [flagged]
  - satvikpendem 4mo ago
    An obviously flaggable comment will get flagged. If you can't say anything other than that then I'm not sure why you'd reply. And anyway, if you can't understand why digging ditches all day is not valuable (after all, look at all the hard work they're doing!) then I'm not sure what to tell you. It's a shame, 4 month old account but still succumbs to comments like this, not sure how HN moderation can fix that.
    - sevenzero 4mo ago
      [flagged]
  - dang 4mo ago
    Yikes, posting like this will get you banned here regardless of how right you are or feel you are. I'm not going ban you for this because the account doesn't seem to have a history of it, plus everyone goes on tilt sometimes. Please don't do it again though. Also, please avoid generic ideological battle on HN - it's tedious, predictable, and leads to flamewars like this. (That goes for all the commenters on both sides of this argument, of course.) https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
WalterBright 4mo ago
> value is created by extracting money from a product Nope. It is created by creating something valuable that other people want to pay for. > value actually is created by the work it takes to create said product That's the Labor Theory of Value, which is a Marxist tenet and has been thoroughly discredited. For example, a CEO can decide to take Bunker Hill, or take Sausage Hill. If he picks the more profitable hill, he created more money, with the same amount of labor. > the value was created by her recording the music, not by her selling tours. Nope. It was selling tickets to her concerts that made her a billionaire, not her music. That's why she did the concerts. BTW, why do you think that some concerts charge more for tickets than other concerts? For the same amount of labor setting up the concert?
- satvikpendem 4mo ago
  Indeed, I don't understand how anyone can seriously believe in the LTV anymore, as if someone digging holes should be as valuable in the economy, all else equal, as someone building something valuable. But that's what LTV proponents would have you believe apparently.
- sevenzero 4mo ago
  >He created more money xd sure thing
  - satvikpendem 4mo ago
    Yeah I don't think this is the place for you here.

satvikpendem 4mo ago

The value is absolutely in how much you can sell it. Otherwise every startup that subscribes to the "build it and they will come" philosophy would've been successful, which is obviously not the case and is a common problem that YC specifically tells founders to look out for. There is no value in building anything if you cannot convince others it is valuable. The labor theory of value is not valid.

sevenzero 4mo ago
[flagged]
- satvikpendem 4mo ago
  An obviously flaggable comment will get flagged. If you can't say anything other than that then I'm not sure why you'd reply. And anyway, if you can't understand why digging ditches all day is not valuable (after all, look at all the hard work they're doing!) then I'm not sure what to tell you. It's a shame, 4 month old account but still succumbs to comments like this, not sure how HN moderation can fix that.
  - sevenzero 4mo ago
    [flagged]
- dang 4mo ago
  Yikes, posting like this will get you banned here regardless of how right you are or feel you are. I'm not going ban you for this because the account doesn't seem to have a history of it, plus everyone goes on tilt sometimes. Please don't do it again though. Also, please avoid generic ideological battle on HN - it's tedious, predictable, and leads to flamewars like this. (That goes for all the commenters on both sides of this argument, of course.) https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

WalterBright 4mo ago

> value is created by extracting money from a product Nope. It is created by creating something valuable that other people want to pay for. > value actually is created by the work it takes to create said product That's the Labor Theory of Value, which is a Marxist tenet and has been thoroughly discredited. For example, a CEO can decide to take Bunker Hill, or take Sausage Hill. If he picks the more profitable hill, he created more money, with the same amount of labor. > the value was created by her recording the music, not by her selling tours. Nope. It was selling tickets to her concerts that made her a billionaire, not her music. That's why she did the concerts. BTW, why do you think that some concerts charge more for tickets than other concerts? For the same amount of labor setting up the concert?

satvikpendem 4mo ago
Indeed, I don't understand how anyone can seriously believe in the LTV anymore, as if someone digging holes should be as valuable in the economy, all else equal, as someone building something valuable. But that's what LTV proponents would have you believe apparently.
sevenzero 4mo ago
>He created more money xd sure thing
- satvikpendem 4mo ago
  Yeah I don't think this is the place for you here.