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Author Topic:   Decline And Fall Of The American Empire
jar
Member (Idle past 412 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004


Message 76 of 170 (820025)
09-15-2017 9:33 PM
Reply to: Message 75 by NoNukes
09-15-2017 9:22 PM


Re: Does All Money Originate From Labor?
And if it is a bad year with little or no harvest what will he do to prepare for the next year?

My Sister's Website: Rose Hill Studios My Website: My Website

This message is a reply to:
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ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 77 of 170 (820089)
09-16-2017 11:52 AM
Reply to: Message 74 by Phat
09-15-2017 1:35 PM


Re: Does All Money Originate From Labor?
Phat writes:
Because what if the baker cant come to an agreement with the farmer?
What if the cashier can't come to an agreement with Safeway?
Phat writes:
Everyone has to agree on a means of value before the economy starts to work.
Economies worked long before there were standard units of exchange. If the farmer needs capital - e.g. seed - to get started, he gets it from another farmer. What he uses to pay for it isn't particularly relevant.

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New Cat's Eye
Inactive Member


(1)
Message 78 of 170 (820157)
09-16-2017 4:59 PM
Reply to: Message 42 by ringo
09-01-2017 1:29 PM


Re: Bye Bye Global Reserve Currency
But the real "value" of something can only originate in labor, I think.
How are you defining labor?
What about valuable natural resources?

This message is a reply to:
 Message 42 by ringo, posted 09-01-2017 1:29 PM ringo has replied

Replies to this message:
 Message 79 by ringo, posted 09-17-2017 2:17 PM New Cat's Eye has replied

  
ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 79 of 170 (820203)
09-17-2017 2:17 PM
Reply to: Message 78 by New Cat's Eye
09-16-2017 4:59 PM


Re: Bye Bye Global Reserve Currency
New Cat's Eye writes:
What about valuable natural resources?
How do we obtain those natural resources? Do they just leap out of the ground into the capitalist's pocket?

This message is a reply to:
 Message 78 by New Cat's Eye, posted 09-16-2017 4:59 PM New Cat's Eye has replied

Replies to this message:
 Message 80 by Phat, posted 09-17-2017 3:03 PM ringo has replied
 Message 82 by New Cat's Eye, posted 09-17-2017 4:21 PM ringo has replied

  
Phat
Member
Posts: 18292
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 80 of 170 (820206)
09-17-2017 3:03 PM
Reply to: Message 79 by ringo
09-17-2017 2:17 PM


The Value of Labor
ringo writes:
But the real "value" of something can only originate in labor, I think.
True, although different types of labor receive different rewards. The miners are hired to operate the machines and extract the natural resource. They receive a paycheck. The trucks are driven and haul the raw material to be crushed and sifted. The labor at the plant extracts the raw material from the rock. They get paid.
Then, the precious metal (as an example of the natural resource) gets made into jewelry and sold. The seller receives a commission and the buyer pays up.
We are discussing several hundred paychecks. Which labor among them should receive the ultimate value of the sold product? Realistically, which labor does receive the most?
we in the grocery store who do most of the work hauling the product to the shelves, engaging in pleasant dialogue with the customers, and serving them meat, deli, bakery and Starbucks are the direct point of sale between the consumer and the business...so we believe we earn a chunk of the profit. The corporate types who stroll through occasionally to see if every display is straight and not crooked receive far larger paychecks. The truck drivers who deliver the product also get a share. As do the manufacturers who actually refine and box the product. the obvious conclusion is that labor is involved in the sale of the product. The question is what percentage of the sale value should each aspect of the labor receive?

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
"as long as chance rules, God is an anachronism."~Arthur Koestler

This message is a reply to:
 Message 79 by ringo, posted 09-17-2017 2:17 PM ringo has replied

Replies to this message:
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ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 81 of 170 (820210)
09-17-2017 3:20 PM
Reply to: Message 80 by Phat
09-17-2017 3:03 PM


Re: The Value of Labor
Phat writes:
Which labor among them should receive the ultimate value of the sold product?
It would be hard to work out a scale of "should" that had any meaning. "Should" the guy who risks his life down in the mine get more or less than the guy who pushes the buttons that print the cheques?
Phat writes:
Realistically, which labor does receive the most?
Realistically, much of the cost to the end-user goes to parasites who are not essential to the process.
Phat writes:
The question is what percentage of the sale value should each aspect of the labor receive?
For a start, everybody "should" be paid a living wage. But according to the capitalists, paying a living wage to a waitress or a fruit picker would ruin the economy. Somehow, we mange to survive paying a Safeway cashier twice as much as a 7-Eleven cashier but they still claim that a higher minimum wage would kill jobs.
The sad part is that too many 7-Eleven cashiers and Safeway cahiers believe them.

This message is a reply to:
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New Cat's Eye
Inactive Member


Message 82 of 170 (820222)
09-17-2017 4:21 PM
Reply to: Message 79 by ringo
09-17-2017 2:17 PM


I don't understand how that answers my questions.

This message is a reply to:
 Message 79 by ringo, posted 09-17-2017 2:17 PM ringo has replied

Replies to this message:
 Message 83 by NoNukes, posted 09-17-2017 7:19 PM New Cat's Eye has replied
 Message 85 by ringo, posted 09-18-2017 11:45 AM New Cat's Eye has replied

  
NoNukes
Inactive Member


Message 83 of 170 (820228)
09-17-2017 7:19 PM
Reply to: Message 82 by New Cat's Eye
09-17-2017 4:21 PM


I don't understand how that answers my questions.
It doesn't. The first wells in America supplied a grade of petroleum that was directly usable as fuel. While exposing the oil required some labor, the natural resource itself was capable of providing value to its owner with very little labor. Once pumped, the value of the fuel can be changed by various market forces, not all of which involve labor in any way.
Similarly, at least some minerals that we mine are usable in their natural state, while others have a value that is completely artificial and that completely dwarfs any valuation of the labor used to produce them. Diamonds are one example. The value of diamonds on the market is almost completely artificial. Physically equivalent diamonds can be made by machine also involving very little labor. Yet the diamonds on the market do not have the same value.
To pretend that the entire value of such things comes from labor is ridiculous.
Edited by NoNukes, : No reason given.

Under a government which imprisons any unjustly, the true place for a just man is also in prison. Thoreau: Civil Disobedience (1846)
I was thinking as long as I have my hands up they’re not going to shoot me. This is what I’m thinking they’re not going to shoot me. Wow, was I wrong. -- Charles Kinsey
We got a thousand points of light for the homeless man. We've got a kinder, gentler, machine gun hand. Neil Young, Rockin' in the Free World.
Worrying about the "browning of America" is not racism. -- Faith
I hate you all, you hate me -- Faith

This message is a reply to:
 Message 82 by New Cat's Eye, posted 09-17-2017 4:21 PM New Cat's Eye has replied

Replies to this message:
 Message 84 by New Cat's Eye, posted 09-17-2017 8:51 PM NoNukes has replied
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New Cat's Eye
Inactive Member


Message 84 of 170 (820231)
09-17-2017 8:51 PM
Reply to: Message 83 by NoNukes
09-17-2017 7:19 PM


If labor is the only source of value, then who's labor causes the value that naturally occurs in the resources?
Say I buy a plot of land for 100 bucks, and somebody offers me 200 bucks for the rights to harvest the timber. I just gained 100 bucks through no labor.
To pretend that the entire value of such things comes from labor is ridiculous.
So you can manage the value of things without using labor, like through market forces n'stuff, but value, itself, is a human creation. It requires people, and at the very bottom somebody has to make the value.
Except for natural resources - those things are the shit.
So, you could define labor so broadly as to be like "human activity" or something, to spin it so all value technically comes from labor - but I don't know if that's what they're trying to do or not - and I'd agree that it would be ridiculous.
Too, natural resources would still be an exception.

This message is a reply to:
 Message 83 by NoNukes, posted 09-17-2017 7:19 PM NoNukes has replied

Replies to this message:
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ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 85 of 170 (820254)
09-18-2017 11:45 AM
Reply to: Message 82 by New Cat's Eye
09-17-2017 4:21 PM


New Cat's Eye writes:
I don't understand how that answers my questions.
Do you understand that digging resources out of the ground requires labour?

This message is a reply to:
 Message 82 by New Cat's Eye, posted 09-17-2017 4:21 PM New Cat's Eye has replied

Replies to this message:
 Message 91 by New Cat's Eye, posted 09-18-2017 12:18 PM ringo has replied

  
ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 86 of 170 (820255)
09-18-2017 11:48 AM
Reply to: Message 83 by NoNukes
09-17-2017 7:19 PM


NoNukes writes:
To pretend that the entire value of such things comes from labor is ridiculous.
And yet your examples involve "very little labour", not no labour.

This message is a reply to:
 Message 83 by NoNukes, posted 09-17-2017 7:19 PM NoNukes has not replied

  
ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 87 of 170 (820256)
09-18-2017 11:50 AM
Reply to: Message 84 by New Cat's Eye
09-17-2017 8:51 PM


New Cat's Eye writes:
So, you could define labor so broadly as to be like "human activity" or something....
Show me a capitalist who says he doesn't "work hard' for his money.

This message is a reply to:
 Message 84 by New Cat's Eye, posted 09-17-2017 8:51 PM New Cat's Eye has not replied

Replies to this message:
 Message 88 by Phat, posted 09-18-2017 12:00 PM ringo has replied

  
Phat
Member
Posts: 18292
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 88 of 170 (820259)
09-18-2017 12:00 PM
Reply to: Message 87 by ringo
09-18-2017 11:50 AM


If Labor=Value, how hard should we work?
Show me a capitalist who says he doesn't "work hard' for his money.
Within the context of the culture and lifestyle I was brought up in, I work hard. not as hard as some, and harder than others. Were you to throw me in a third world nation where I was pulling old computer parts apart for copper wire, I would probably work harder, and gripe louder at the pennies a day i earned.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
"as long as chance rules, God is an anachronism."~Arthur Koestler

This message is a reply to:
 Message 87 by ringo, posted 09-18-2017 11:50 AM ringo has replied

Replies to this message:
 Message 89 by ringo, posted 09-18-2017 12:10 PM Phat has seen this message but not replied

  
ringo
Member (Idle past 430 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 89 of 170 (820261)
09-18-2017 12:10 PM
Reply to: Message 88 by Phat
09-18-2017 12:00 PM


Re: If Labor=Value, how hard should we work?
Phat writes:
Were you to throw me in a third world nation where I was pulling old computer parts apart for copper wire, I would probably work harder, and gripe louder at the pennies a day i earned.
In my experience, the ones who gripe the loudest aren't working while they're doing it.

This message is a reply to:
 Message 88 by Phat, posted 09-18-2017 12:00 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 18292
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 90 of 170 (820263)
09-18-2017 12:15 PM
Reply to: Message 65 by ringo
09-08-2017 12:19 PM


Re: Irma will be costly
ringo writes:
It (Hurricane Irma) will create a lot of work rebuilding. Is that a bad thing?
Yes...if the money comes out of social security trust funds simply to pay mass labor.
For the vanishing middle class, our future is tied up in "future obligations" while current obligations rob us of what we collectively saved.
The whole problem with the rising tide argument is that it demolishes all of the houses built above water level. Marx saw it as class struggle. You know more about him than I do, but this whole idea of lumping the middle class in with the rich people is why I dont like communism.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
"as long as chance rules, God is an anachronism."~Arthur Koestler

This message is a reply to:
 Message 65 by ringo, posted 09-08-2017 12:19 PM ringo has replied

Replies to this message:
 Message 92 by ringo, posted 09-18-2017 12:26 PM Phat has seen this message but not replied

  
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