Stoller: 'Effective' demand seems to somehow belittle or negate ineffective demand. If you have, say, cancer and cannot afford a bone-marrow transplant, the market decrees that your affliction lacks effectiveness in demanding health care.
What I am saying here is that demand may be a matter of life and death, yet remain ineffective---as judged by the market.
Gee: Nonsense. It simply describes what was actually 'demanded' in the context of an exchange of things of mutual value.
Sounds like hot air, a smokescreen, a set of empty words attempting to tidy up the real meaning of the market as experienced by the worker. What labor produces and what labor receives from those who purchase it are most definitely not 'mutual' values. And what labor could produce if labor was calling the investment shots could be a very different thing from what capital considers a worthwhile investment.
The rest of your post wasn't worth responding to.