Re:American capitalism has taken an apocalyptic turn
by satvikpendem on Thursday June 04, 2026 @01:24AM
(#48394327)
Indeed, I don't understand how anyone can seriously believe in the LTV anymore, as if someone digging holes should be as valuable in the economy, all else equal, as someone building something valuable. But that's what LTV proponents would have you believe apparently.
Re:American capitalism has taken an apocalyptic turn
by sevenzero on Thursday June 04, 2026 @02:04AM
(#48394621)
>He created more money
xd sure thing
Re:American capitalism has taken an apocalyptic turn
by satvikpendem on Thursday June 04, 2026 @02:39AM
(#48394899)
Yeah I don't think this is the place for you here.
Nope. It is created by creating something valuable that other people want to pay for.
> value actually is created by the work it takes to create said product
That's the Labor Theory of Value, which is a Marxist tenet and has been thoroughly discredited. For example, a CEO can decide to take Bunker Hill, or take Sausage Hill. If he picks the more profitable hill, he created more money, with the same amount of labor.
> the value was created by her recording the music, not by her selling tours.
Nope. It was selling tickets to her concerts that made her a billionaire, not her music. That's why she did the concerts.
BTW, why do you think that some concerts charge more for tickets than other concerts? For the same amount of labor setting up the concert?