promethean75 wrote: ↑Sat Sep 26, 2026 2:55 pm
I dunno what the fookin' problem is, people... it's an incredibly simple concept.
"Value" is actually a very complex concept. If somebody actually thinks it's simple, all it means is they haven't the foggiest idea what it entails.
That's generally Marx's fault, of course. He was the one who foisted "the labour theory of value" on us, in which manual labour is practically the only thing supposed to produce value. Of course, that's ridiculous. How could anybody with a lick of sense forget things like inventiveness, invention, creativity, recombination, resources, marketing, investment, risk-taking, infrastructure-building, management, efficiency, expansion...all the ways value can be
created and
added, not merely found in the sweat of a prole.
Not only is there nothing wrong with a theory of value that includes these things, no sensible theory of value could possibly fail to take them into account. This is yet another evidence of how foolish Marx really was. He was no economist, that's for sure.
Selling a taco that your employer paid you five dollars to make for ten dollars is the same as stealing his bicycle.
It's not stealing at all, actually; because the buyer's under absolutely no obligation to buy. And if the taco truck down the street sells better ones for $5, then the $10 taco truck is going to go broke.
But where is the value in a taco located? Is it exclusively in the hands of the employee who put the meat in the shell? But where did he get the meat? Who made the shell, and where did the wheat for the shell come from? Who grew that? Who bought the seed for the wheat, and how much is wheat worth? Who had to pay for the taco truck? Who foots the gas bill? Who paid to have it painted with advertising? Who pays the taxes to the government, so it can waste half of the money, steal another quarter, and convert the remaining quarter into social programs? What about the employee's medical, retirement or insurance benefits? Who bought him his equipment, and who made that? How is all that to be factored into the price of a taco?
Moreover, the value of a taco is not merely the value of the cheese, the meat, the shell, the spices, the taco truck and the employee's work. A "taco," by definition, is a particular assemblage of the same, in which the final product tastes better and thus yields more value to the consumer than any of the ingredients or processes added up singly. There is a value produced by the combination. Then there's the value of the convenience of having the truck come to you, and deliver this assemblage of delights for your consumption.
Labour is actually one of the smaller investments. And value comes from many things...certainly not from anything so absurdly simple as "the labour."