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0 pointsJumpCrisscross1y ago0 comments

> Labor is the source of all wealth and all culture

Of course it isn’t. To make this construct work in the modern world requires amortising past labour across future automation in a way that almost deifies the first work.

0 comments

piva001y ago

How is that "of course not"? All wealth comes from labour, somewhere, somehow. To build automation requires labour, to create the machines (or the machines that create the machines), operate them, etc.

s1artibartfast1y ago

Labor is a component. Often a required component. That does not mean it is the source and and value creation can be solely attributed to it.

Labor by itself produces no value. Roll a rock up and down a hill and no value is created.

The labor theory of value is Myopic in this respect.

piva001y ago

> Labor by itself produces no value. Roll a rock up and down a hill and no value is created.

The statement isn't that all labour produces value but that labour is the source of all value. Without labour there's absolutely no way to provide value.

I'd like to know an example of something that produces value without labour, I really cannot come up with one.

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0 pointsJumpCrisscross1y ago0 comments

> Labor is the source of all wealth and all culture

Of course it isn’t. To make this construct work in the modern world requires amortising past labour across future automation in a way that almost deifies the first work.

0 comments

piva001y ago

s1artibartfast1y ago

Labor is a component. Often a required component. That does not mean it is the source and and value creation can be solely attributed to it.

Labor by itself produces no value. Roll a rock up and down a hill and no value is created.

The labor theory of value is Myopic in this respect.

piva001y ago

> Labor by itself produces no value. Roll a rock up and down a hill and no value is created.

The statement isn't that all labour produces value but that labour is the source of all value. Without labour there's absolutely no way to provide value.

I'd like to know an example of something that produces value without labour, I really cannot come up with one.

2 more replies

j / k navigate · click thread line to collapse