Value is subjectively evaluated by individuals – that's why trade even happens. That's why, for example, buying a box of apples from a farmer is possible. The farmer values the money more than the apples, and you value the apples more than the money. If labor was the determinate of value, then value would be objective, making all economic transactions senseless and disincentivizing anyone from participating in trade. The same works for employees and their employers. The employee values his pay check more than the time he spends to attain it, while the employer regards the worker performing a certain task/tasks as more valuable than the money with which he compensates the employee. "Surplus value theft" is a myth. The very fact that people work at all debunks it.
@NameIGuessLolSocialist 8mos8MO
You fail to understand this in a dialectical materialist perspective. The contradiction between the interests of the employee and the employer leads to the employer lowering wages as much as possible, forcing the employee to work harder for the same amount of money, meanwhile the employer profits off the increased labor-power.
@Patriot-#1776Constitution8mos8MO
I understand the dialectical materialist perspective better than you, for I have realised the most fundamental thing about it: it's crap.
Also, you're just engaging in circular reasoning here. You're re-stating your beliefs, but you're not adding anything new to the discussion or addressing my points.
@Ign3usR3xSocialist2mos2MO
Just to help my man "NameIGuessLol": Restating a topic or belief is not circular reasoning. I don't think you know what circular reasoning is. Anyways!
The idea that taxing the rich is unfair because they "worked hard" assumes that wealth is purely a result of their personal effort. In the real world, wealth accumulation often depends on factors like inherited capital, ownership of appreciating assets, the ability to profit from others’ labor, etc.
As for the labor theory of value debate... while economics recognizes that value is subjective in market transactions… Read more
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