While ‘labor’ is wrong, there is value in slavery. Slavery can be defined as ‘thoughtless sacrifice’. Slaves are persuaded by Morality to Sacrifice Time & Value (or money), without return. Children are also a Sacrifice. Promising children, offering a return.
"The labor theory of value is profoundly wrong. ...Nevertheless, using labor, or more generally cost, as a measure of value is a common strategy of our institutions and often a quite valuable thing to do." https://unenumerated.blogspot.com/2011/06/of-wages-and-money-cost-as-proxy.html …
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So while Fiat & Labor are poor sources of permanence, their influence over expansive groups of people creates some sort of power, or value, in bulk. ‘Gold’ can not maintain value without ‘gold culture’ continuing. If Slaves of Gold Culture produce more than New Gold, then Value.
End of conversation
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Pricing around cost + margin is actually taught at HBS as a way to start the price discovery cycle.
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Your article reminds to me The Right To Be Lazy which is written by Paul La Fargue
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