I had a great time chatting with @cognazor and @JaredJanes, check it out!https://twitter.com/cognazor/status/1108404516284743680 …
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I felt like our convo bounced between seeing it as something to move past or something that has some pragmatic value that can be reserved as it's built on... Did you get a sense we were speaking in utopian ways?
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My question was posed in response to Conor’s article in Quillette defending capitalism. The labor theory of value establishes that capitalism can’t be sustained in the long-term, so id like to know if he has an argument that refutes the labor theory of value or if he's a utopian.
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As far as I can tell, the LTV is limited in its explanatory power compared to subjective theories of value, and the TRPF can be happily dismissed. Re: capitalism's sustainability, my concerns are environmental externalities and an AI-based feudal future. https://fee.org/articles/were-still-haunted-by-the-labor-theory-of-value//amp …
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