Communist meme

Can someone explain?

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You have to have a pretty high IQ to understand Karl Marx

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>60 minutes of janitor work is the same as 60 minutes of surgeon work
nigga what

Labor Theory of Market is the flat earth of economics

>don't conflate value and price
Can someone give me an empirical definition of value besides "the price you can sell something for" please?

>the faster something is to produce the less value it has

they're just trying to move the goalposts

Did that just try to counter the value people hold in a burger in dollars by making up random values each person holds over it in terms of time, combining them, giving each an arbitrary amount of time to begin with, and subtracting it from time waste added capitalist system (randomly generated) and therefore "proving" that the two individuals have the same value over the burger? Because adding data to a problem that isn't given or derived is logically fallacious.

(you)

>Hurp derp, what's demand?
>All types labor is valued the same, despite years of training and experience required for different jobs

Commies really are this stupid

The short version is:

"What you want, how much you want something, and your desire and ability to ensure that you can access a limited resource DO NOT MATTER, and you are an asshole for trying to ensure you can access a limited resource in the first place you swine!"

Mental gymnastics trying to state that labor does mean value but it still fails because it does not matter how much labor puts into making an item. It's value is still subjective and is still not influenced by a persons toil into producing the product.

So they try to your pic related, which fails to debunk the argument. The argument is that value is subjective based on want and need of the situation no matter how much labor you put into a really cool looking tin man, if you are dying of dehydration in the desert that tin man means nothing to you and water is worth its weight in gold regardless of whether it was produced in 10 seconds or over 2 days.

You do see the flaw in this meme, dont you? You understand why it doesn't actually make any points, right? You are just posting it for the humor sake, yes?

That definition reminds me of Xavier describing love units to his adopted babies in XRA.
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Value is the absolute objective cost of the resources put into a thing (on a total, absolute, cosmic scale). Price is what a thing can be sold for.

You can look at the difference of oppinion as such then;
Think of everything in the entire universe, all matter, all energy. This is the sum total of all value. Every individual thing then, the resources and the energy spent to change them into a thing, they have an inherent, fundamental value based on their portion of the total that went into making them. This is its value, the price is what people are willing to pay for it.

Another group says that means nothing, and that value is just the price people are willing to pay for it.

The first group claims value is an inherent property of things, the second that value doesn't actually exist on its own, its only based on what people think it is.

It is a funny and perfect may-may

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Not really. Marx got a lot of it from Smith.

If you are fat you'd pay more for a burger. However if you can pay less for a burger you'll become fat.

>capitalism

I'm too stupid to understand this, guess that's why I didn't vote for Hilldawgery Clinton.

The tism is strong in whoever made this meme. Who says the left can't meme, a huge wall of text is the best way to communicate your world view

Stop eating burgers

You mean Ricardo. And that doesn't mean shit. Economics has progressed since Smith; similarly, science has progressed to the point where you'd have to be an idiot to believe the earth is flat.

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Marxism is Talmudic Judaism. This is all you need to know.

Yeah. Only high IQ city folk support communism. While rural retards support fascism.

It's total bullshit. You can't separate price and value when discussing market theory.

Why?

Because if an object's price is $100 but it's value is $200, and you pay $100 for it, what is it's real value then?

You could say "well if it was priced at $200, I would've paid that too." Great, except it wasn't priced at $200, it was priced at $100. Why is that? Why would a retailer (assuming) sell you an item for less than it's value?
Now were talking supply and demand, not labor value (capitolism vs communism). Because if a retailer can't sell an item for $200 they have to drop the price until someone buys the product. Regardless of the labor put into a product.

Now if every retailer has to drop their prices on the product to compete with someone pricing it at $100 instead of $200, now the value of the product has become $100 (or somewhere between $100 and $200 as the market stabilizes).

So to say price and value are independent basically means a human entity is determining value of a product and forcing people to pay the price at value determined at the end of a barrel of a gun. Communism.