General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Piccalilli Pit
Unlearning Economics
comments
Comments by "Piccalilli Pit" (@piccalillipit9211) on "" video.
SIMPLE THOUGHT EXPERIMENT - LABOUR THEORY OF VALUE You have a guy who TOTALLY automates the production of cars - from the mining of the minerals to the sale of the car. He sells his first car for £50k - £5 less than the manually made car. Then 5 other manufacturers also fully automate the manufacture of cars. What does the cost of a car drop to? £1 Actually, it does not, it drops to the replacement cost of the equipment making it + energy + £1. So automate the production of machines and energy - the car them becomes £1. >>> ONLY labour has value. A 1:1 copy of a Rolex made my machine in China so perfect that Rolex can't tell the difference costs $300. Only the addition of manual labour and marketing make the Rolex worth $10k
2
@nicolaskupernobrega7123 and then real-time reviewing other left-wing content creators work and explaining in painful detail why they're completely wrong and essentially evil...
1