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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Could then the missing element be “technology”? Means are a method and technology is a method whereby one approaches closer to reality by the use of scientific feedback. There is some aspect of physicality in valuation reflected in the use of technology because it must conform
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This also opens up discussion of unethical treatment of labor as similar to treating persons as technology or commodity, as beast of burden.
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And this is a biblical idea. Commodification of other humans is “sin” in Christianity. It is subordination of the other to means rather than ends in themselves. God never does this, the other is supreme in Love.
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But on the other hand the Bible seems to believe value is a social phenomena. This is found in the abundance mentality of Christ and his disciples. There are no limits on love, food is multiplied miraculously, and all talents and even salvation is a gift.
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Replying to @Ahimsa_Satya_ @MimeticValue
Yes: Jesus compares the runaway of money earning to the runaway of love receiving: "For to the one who has, more will be given, and he will have an abundance, but from the one who has not, even what he has will be taken away." ~Matthew 13,12
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And he says this twice to stress how important this idea is to understand. I think understanding of this could help many out of places of darkness and resentment. It is a beautiful thing that is offered to us.
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