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!@#$%! · 02.20.2019, 04:21 PM

OKAY. SO.

to make things short.

VALUE is created by human desire. in the human mind.

that's it. it's that simple.

VALUE is... WHAT PEOPLE WANT.

VALUE is... CONSUMER DEMAND.

PRODUCTION has the purpose to MEET DEMAND.

otherwise, why work? of your needs are all met, you do nothing but sleep and fart.

if the consumer wants nothing, there is no value. you can work and work and work and make things and if the consumer does not want them... you're shit out of luck.

marxists had a LABOR THEORY OF VALUE.

even if marxism has fallen out of fashion, many of us still knowingly or unknowingly have a LABOR THEORY OF VALUE.

meaning: things are worth whatever work we put in it!

and this seems fair.

but what if i work 10,000 hours digging holes and then covering them up for no purpose?

that is a fuckton of labor with zero value.

this is what happens when someone makes a product nobody wants. you're shit out of luck but it has no value.

THIS IS THE PROBLEM THAT MOST PEOPLE HAVE UNDERSTANDING WHAT IS AND WHAT IS NOT A "FAIR PRICE"

fair is what people will willingly pay for it. yes rarity and other shit will feature into it.

but something of value is basically something that has a demand for it.

(that includes friendships too. you want friendship, you value it.)

(but talking about economics here)

A BUSINESS CREATES VALUE WHEN IT MAKES SOMETHING THAT PEOPLE WANT. and with decent management it will profit and the business owners will be rewarded.

A BUSINESS DESTROYS VALUE WHEN IT THROWS RESOURCES INTO A FUCKED MONEY PIT OF USELESSNESS and the owners and investors will lose their shirts in the process lmao.

that's just what value is.

i want crystal hot sauce, i value it.

i want a 65" korean tv, i value it.

i personally don't give 2 shits about non-industrial diamonds (laughable) but enough people value them enough to make them expensive (fools, their problem)

i value water more in the desert than in my kitchen where it pours “free” from the tap ($10/mo or whatever)

unless ther is no water in my kitchen and i have to wash dishes. oh i have driven miles and miles to fill a tank of water. so i do value water in my kitchen always. but more when it’s scarce!.

see, this is why marxists think profit is theft: because, they say, the owner provided no labor! or the labor was negligible! or whatever other bullshit!

this is why they had a hard time satisfying consumer demand in their economy. they weren't "evil". they were just... wrong about reality.

wow i am tired from work today. i don't know if my exertions will amount to anything of value haaa haaaa haaaaaa. we'll see... one day...

02.20.2019, 04:21 PM	#5887
!@#$%! invito al cielo Join Date: Mar 2006 Location: mars attacks Posts: 42,466	OKAY. SO. to make things short. VALUE is created by human desire. in the human mind. that's it. it's that simple. VALUE is... WHAT PEOPLE WANT. VALUE is... CONSUMER DEMAND. PRODUCTION has the purpose to MEET DEMAND. otherwise, why work? of your needs are all met, you do nothing but sleep and fart. if the consumer wants nothing, there is no value. you can work and work and work and make things and if the consumer does not want them... you're shit out of luck. marxists had a LABOR THEORY OF VALUE. even if marxism has fallen out of fashion, many of us still knowingly or unknowingly have a LABOR THEORY OF VALUE. meaning: things are worth whatever work we put in it! and this seems fair. but what if i work 10,000 hours digging holes and then covering them up for no purpose? that is a fuckton of labor with zero value. this is what happens when someone makes a product nobody wants. you're shit out of luck but it has no value. THIS IS THE PROBLEM THAT MOST PEOPLE HAVE UNDERSTANDING WHAT IS AND WHAT IS NOT A "FAIR PRICE" fair is what people will willingly pay for it. yes rarity and other shit will feature into it. but something of value is basically something that has a demand for it. (that includes friendships too. you want friendship, you value it.) (but talking about economics here) A BUSINESS CREATES VALUE WHEN IT MAKES SOMETHING THAT PEOPLE WANT. and with decent management it will profit and the business owners will be rewarded. A BUSINESS DESTROYS VALUE WHEN IT THROWS RESOURCES INTO A FUCKED MONEY PIT OF USELESSNESS and the owners and investors will lose their shirts in the process lmao. that's just what value is. i want crystal hot sauce, i value it. i want a 65" korean tv, i value it. i personally don't give 2 shits about non-industrial diamonds (laughable) but enough people value them enough to make them expensive (fools, their problem) i value water more in the desert than in my kitchen where it pours “free” from the tap ($10/mo or whatever) unless ther is no water in my kitchen and i have to wash dishes. oh i have driven miles and miles to fill a tank of water. so i do value water in my kitchen always. but more when it’s scarce!. see, this is why marxists think profit is theft: because, they say, the owner provided no labor! or the labor was negligible! or whatever other bullshit! this is why they had a hard time satisfying consumer demand in their economy. they weren't "evil". they were just... wrong about reality. wow i am tired from work today. i don't know if my exertions will amount to anything of value haaa haaaa haaaaaa. we'll see... one day...
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