- Capitalism and Alternatives -

Think before you post!

Posted by: Stoller on November 03, 1999 at 14:11:12:

In Reply to: Wrong again. posted by borg on November 03, 1999 at 13:17:39:

: Tell me. What is the labor value of a whip-socket on the automobile of your choice? Or an air-conditioner to an Eskimo in Alaska? Or whale oil to a Londoner?

Never less than the cost of materials + labor that went into it. Otherwise price tags would yield to informal bartering across the world.

Ever heard of the concept 'selling at a loss'? Market-theory doesn't explain how such a condition could be MEASURED, does it? Yet any capitalist will tell you such a (dreaded) state of affairs does exist!

Think before you post.

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