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Spangly A
May 14, 2009

God help you if ever you're caught on these shores

A man's ambition must indeed be small
To write his name upon a shithouse wall

Helsing posted:

The LTV,predicts that there will be a correspondence between the labour invested into an object and its exchange value on the market. Right or wrong it is a predictive theory. The OP is just building up rhetorical sandcastles to try and bolster a poorly thought out ethical argument.

what? LTV post-marx is about the entire history of capitalism being built and maintained through surplus-value in the market, not the commodity. The exchange value and price both further separate from socially necessary labour time of the commodity as the complexity of an economy increases. The individual labour time of the individual commodity never has any direct interaction with the exchange value - only the wider implication of surplus value matters. Marxist LTV works just fine with discounting booze to make you buy crisps

Surplus value in its stored form is an expression of wealth, being an abundance that can be turned into power, comfort or satiation quickly at any given moment, provided the societal frame of reference hasn't collapsed in on itself in the meantime.

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