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0 pointsdeadfoxygrandpa2y ago0 comments

that's not "socially necessary labor", so the labor theory of value doesn't have anything to say about something like that

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3 comments · 1 top-level

MichaelZuo2y ago· 2 in thread

Then it sounds like a pretty dumb theory.

how much of a typical capitalist economy is based on the throwing gold into a volcano industry?

How would I know? I don't have insight into every bar of gold on Earth.

For a practically possible scenario I think it definitely raises questions whenever a theory flat out ignores it.

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