low preference guy
Banned
- Joined
- Aug 6, 2009
- Messages
- 16,097
right-- the product price now reflects the true value of the material+labor that went into that product; when the labor is from the labor-
wrong. it reflects supply and demand.
if very little labor went into unearthing gold from your backward, but there's huge demand for it, the price is really high.
if you went through a lot of labor to build something, but some people with machines built millions of them, the price will be very low, even if you worked a lot.
what you're doing is arguing for the labor theory of value, which was refuted more than 100 years ago. if you're going to debate economics, please educate yourself first. just reading "Economics in One Lesson" will help you fix many errors in your thinking, including the one you made here.
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