Comments by "L.W. Paradis" (@l.w.paradis2108) on "The Real Karl Marx Was A Cartoon Villain" video.
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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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 @Individual_Lives_Matter ​Well, this truncated "biography" just happens to use the same tactics as those denouncing Thomas Jefferson (he owned slaves, had children with a slave who were not recognized, put together his own Deist Bible by literally cutting up the Bible and pasting it into a commonplace book, etc.). Does any of that have a direct bearing on his role in founding the United States or the Constitution? These are not easy questions, actually.
In fact, Marx, like Jefferson, read Latin and Greek --- only Marx went further by completing a doctorate in ancient Greek philosophy, and a thesis on several presocratic philosophers. That wasn't included, was it? Raoul Peck did a nice film on it, if reading is not your thing.
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@C_R_O_M______Â First, you've misstated the theory: the worker himself and society must value the task. Mere activity is not labor any more than passing gas is art.
Second, is any audio or video of your debate available? Have you read Technofeudalism? Have you sat in on his classes?
Third, I'm being scents oared too much, including from saying so. I wasn't planning to engage this much. I guess the much-vaunted market values scents or ship; if intermittent reinforcement schedules draw us in, cha-ching. Thus, a measure of s or s has greater value than free speech -- but only is money = value.
It should be obvious that you can't refute anything I said with ad hominem against Varoufakis. You also conflated my theoretical point with my examples. And I just gave you one more. Private entities that are allowed to assert ownership over what operates like a commons (like a modern-day public square) will make more money without free speech than with it, by operation of intermittent reinforcement, which creates much stronger habits. This leads to cents err sheep, astutely applied, having the greater value by far.
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​ @C_R_O_M________ The true risk profile of certain mortgaged-backed securities and the exotic derivatives based on them proved to be very, very bad, and paper that was deemed to be worth billions (perhaps trillions?) suddenly became worthless in the market (that is, literally no one would buy it).
Think of it as very sophisticated, complex counterfeiting, and what happens when the veil is suddenly lifted from many eyes at once. Game over.
In the meantime, vast fortunes were made, and kept. Principals and agents of corporations are not personally liable, and if they all did the same thing, they can cover for one another, find experts to testify on their behalf that these were business decisions, etc. No way to make them disgorge.
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 @C_R_O_M________ Apart from the fact that a philosophy grounded on universals was suddenly deprived of any semblance of universality, in other words.
But you just echoed my point: they saw the lay of the land and figured out how to gain power quickly under those conditions, which was their sole aim. They certainly did have to kill a lot of leftists to do it, who then ultimately defeated them. Red Army (75%+ of all casualties inflicted on the Wehrmacht, i.e., the actual Nazi fighting forces), the Resistance in France, Italy, Yugoslavia, Greece, etc.
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