Comments by "L.W. Paradis" (@l.w.paradis2108) on "Dad Saves America"
channel.
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@DadSavesAmerica "The labor theory of value is false." Only if you believe value and market price are identical. If they were, then of course that would be true. But we know they are not: both in theory (see, for example, the recent work of Yanis Varoufakis), and from experience (e.g., the way the price of certain mortgage-backed securities collapsed in 2009; the way no organic farmer and no rancher can make what McDonald's makes; the way videos like this one will make much more money than the math videos from Kenya; the way an inferior immunization product just made record profits for investors, and so forth).
Note that I've just given examples from housing, food, education, and health care. That was an accident. It's not like you have to plan that. The examples are everywhere, staring us in the face. Not a pretty picture.
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