@nntaleb recognized that Marx was original:
"The 4 most influential moderns: Darwin, Marx, Freud, and Einstein were scholars, not academics. It has always been hard to do genuine work within institutions."
But remember not all original thinkers are correct or good.
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"When hiring, look for 3 things: intelligence, energy, and character. If they don't have the last one, the first two will kill you." - Warren Buffett
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When Marxists critique capitalism, they are criticizing consumerism and inequality, which are amplified through fiat and credit. Fair enough. But they fail to understand the mechanisms of sound money that can regulate levels of consumerism and inequality.
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Labor theory of value is nonsense. Value is determined by a consensus network of reciprocal exchange. The underlying logic of money markets is mimetic. Marxists are materialist essentialists who fail to comprehend the mimetic nature of our desires.
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Replying to @MimeticValue @Ahimsa_Satya_
In my opinion, value combines two different things: 1/ work exchange (money given for your work, money as purchase power, as a mean to buy others work) AND 2/ the law of supply and demand, where, truly, imitation and conflict cans deeply modify value.
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Replying to @GirardForum @Ahimsa_Satya_
There's something here that I've the trouble finding the words for. I think you're mostly right. Question is what is this work you're doing creating? If you're producing a good that's high on Maslow's Hierarchy, then it's still mimetic desire at the root.
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Replying to @MimeticValue @GirardForum
I think there is a confusion even here. Work is done toward a goal. A goal in itself has a value determined by market. There are various means to that end. The effectiveness of those means is valued by markets. The ends are Mimetic, the means perhaps not, tho they spread thus.
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Replying to @Ahimsa_Satya_ @MimeticValue
Work's value doesn't completely depend on markets: you can work for yourself, it's work, it has value, it builds something, but it's not saled. You can also barter. In common experience, many goals of work are no choice goals: needs first and then some mimetic pleasures.
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Replying to @GirardForum @MimeticValue
Even in a market of 1 it is still a market. Barter is still markets. But I am still not sure of that. The Bible speaks of goals aiming toward security are come not from God but from anxiety and lack of trust in God. Is not Manna a sign that desire for food is Mimetic?
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Desire for basic needs can be reduced to a desire for security which is Mimetic. Lack of Mimetic desire would be trust in God to provide all basic needs for security.
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Consider the lilies how they grow: they toil not, they spin not; and yet I say unto you, that Solomon in all his glory was not arrayed like one of these. If then, God so clothe the grass, which is to day in the field, and tomorrow is cast into the oven;
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How much more will he clothe you, O ye of little faith? And seek the not what he shall eat, or what he shall drink, neither be ye of doubtful mind. Luke 12:27-29
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