Comments by "Kim O\x27Brien" (@kimobrien.) on "Did the Soviet Union EVER Recover from WW2?" video.

Whats wrong with the price calculation theory is that the prices are not natural with capitalist trade and production. The real value of labor is in both labor time and the quality of the labor. After all what is the cost of labor but the cost of the worker to reproduce his labor for a given time period. The ability to centralize has both advantages and disadvantages. With capitalist pricing each capitalist if he is not part of a cartel to begin with calculates his price based upon labor time if his profit if not held up artificially it tends to fall towards the cost of production. If you believe US Steel ups and lowers it prices like Gas Stations to the producers of finished goods but instead the sets prices in contracts for a given time period I don't know what to say. Ford was at one time almost a complete vertical monopoly. Starting with Ford Iron ore shipped on Great Lakes Ford vessels to the Massive Furnaces of River Rouge. Hitler was also an admirer of Fordism.
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Of course Brittain was rich because its colonies were poor. It lost it's colonies after the war. Now it's in an economic crisis despite being one of the first countries to adopt capitalism.
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Have your neoliberal friends explained why the wages of goods producing workers stopped following productivity for workers in the US starting in 1973. Or the declining use of Industrial capacity beginning with the first date of statistics in 1968? What was the problem not enough neoliberal policy liberating markets? You can find those stats at the US Federal Reserve St Lewis. Northeaster Railroads had to be bailed out with ConnRail and then sold back for song and dance to the productive and profitable boss who cut jobs and wages. A crew size went from 5 to 2 or 3 in fifty years. Longer trains with the BNSF nicknamed the Better Not Start a Family RailRoad. Biden with his Emergency board and a vote by Congress to prevent a strike.
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Of course Stalin lied bit monopolie companies use internal labor time to create the price. They don't sell everything back and forth to generate the price.
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@eratorKnight Sure it is. So what caused the crisis of 2008? Was anyones arm twisted to set those prices? I hear the faint cry of the neoliberal Sowell that if only people paid their mortgage contacts and government had not underwritten such bad risks. Well when you've got both sides of the equation in your favor what could possible go wrong? Bush was on a campaign to create an ownership society. So the neoliberals were totally in charge. They were riding high in the saddle and could believe the profits they were making until suddenly everything went in the opposite direction. This whole problem was supposedly solved with the derivative allowing profits to be made regardless of the direction the market took. They had hired the best math and physics genius money could teach at he elite universities to solve the banking problem. . .At the end the the day they passed the "No Banker Left Behind Act." under Obama who swooped just in time to save the bosses. That's is really what destroyed the Republican Party allowing Trump to enter the fray. Originally Sowell hoped Trump would get elected because he be easier to Impeach. Trump is anything but a neoliberal ideologue nor is he a fasicts.
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@TheImperatorKnight Maybe that what the salesman and retail workers think because they see no direct connection between what the do and the prices on the shelve. But you go ask a tradermen or a production worker they know that time at work is connected to pay. Everything tells us what we do is important in some way.
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@TheImperatorKnight If that was true than economic crisis would not occur nor would the bosses make such a stink over labor time.
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