Thanks, that makes sense.
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Most modern Marxists don't believe in the LTV, though alternatives vary by group. Maybe @Damn_Jehu is an exception here.
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The labor theory of value should have been called the effort * time you were forced to work so you wouldn't starve theory of value
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Under scarcity (artificial no less) conditions, it is the force of work or starve desperation that gives labor its value.
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You can attack the math, but the subjective supply, demand basis of market value is a hallucination. Businesses are motivated by profit.
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Profit is as forceful as starvation. Companies will not dig into assets unless there's a chance of gaining more. Even if they have billions.
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Chris Dallow is a current year anti-central planning marxist with links to claim labor theory of value is validhttp://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2016/05/bad-arguments-against-marxism.html …
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disclaimer: I obviously have no expertise to judge them, so epistemic learned helplessness applies etc. just as reference current example
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