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What is being “extracted” from what? I described it as “sitting there” to contrast my viewpoint that in fact it’s not being “extracted” from anything as far as
by twoodfin 4mo ago
What is being “extracted” from what?
I described it as “sitting there” to contrast my viewpoint that in fact it’s not being “extracted” from anything as far as I can tell.
- inigyou 4mo agoSome Nvidia employees are making graphics cards, that cost $1000, and use $300 of materials, and being paid $200. $500 is being extracted from the value chain at that point and some of that is going to you because you own Nvidia stock.
- twoodfin 4mo agoAh, the labor theory of value. That makes sense. It’s totally incoherent and unreliable as an explanation for an economy, but it explains the comments in this thread.
- inigyou 4mo agoDid you reply to the wrong comment by mistake?
- twoodfin 4mo agoWhat would that $500 not being “extracted from the value chain” look like?
- inigyou 4mo agoIt would either be passed along the chain or it would not enter the chain.