- Capitalism and Alternatives -

The Value of a Dollar

Posted by: Stuart Gort ( USA ) on November 18, 1999 at 08:26:23:

In Reply to: Exhausting! posted by Stoller on November 18, 1999 at 00:58:41:

:: That candy-bar is NOT worth $100 when some isolated crank buys it at that price.

True, but that's only because the crank didn't know the worth of $100. Some people pretentiously pay $100 for a plate of nuevo cuisine and find what they purchased as emminently worth it. The inflated price of pretention bears precious little relationship to the labor involved in producing an item. One can imagine how you might relate labor to the $65,000 price tag fetched for a canvas with the simple word RAT RAT RAT written on it (story on 60 minutes a few years back).

Fact is, Barry; one must distort reality and practice logical contortion to align this labor theory to the world and its plethora of anecdotal examples which manifestly contradict it. Perhaps Marx really was God's incarnation of social justice and economic equity and we common folk, who lack the patience and piety to truly see the light are missing the boat. But I say if you can't simply explain it to me, a man of modest intellectual accumen, then that dog don't hunt. How will you convince an even simpler mind of the veracity of this theory? I see the noble proleteriat's eyes glazing over as we speak and I begin to understand socialist strategy all the more.

Stuart Gort

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