3 ms·

What would that $500 not being “extracted from the value chain” look like?

• inigyou 4mo ago
  It would either be passed along the chain or it would not enter the chain.
  • twoodfin 4mo ago
    Seriously, what does “passed along the chain” look like in your example?
    • inigyou 4mo ago
      Given to the people who create the value.
      • twoodfin 4mo ago
        How is that distinct from the labor theory of value? In your model, who’s creating the value other than the labor?
        • inigyou 4mo ago
          A GPU is worth $10k. When someone brings a GPU into existence it creates $10k of value. What is needed to bring a GPU into existence?
          • twoodfin 4mo ago
            Well, for one thing, billions of dollars of capital!