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Holy fuck ahahahah /r/latestagesocialism is a thing. Jeeeesus these kids are ghouls.

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  1. late stage socialism would be close to full communism, which wouldn't be a bad thing

  2. they ripped off r/latestagecapitalism's layout, didn't even take the effort to make their sub distinct, that's lazy

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Do you not consider it a serious blow of any kind that Marx's concrete economic theories are fundamentally incorrect, and as a result, his economic prescriptions have no basis in reality? How does the capital class steal from the labor class if labor is not the only source of value?

Surplus value theory. It states that labor produces all the economic surplus assuming LTV is true. Since we assume LTV IS true, capital leeches off of labor and we would be collectively better off without capital if they were removed by communal ownership of the means of production.

Let’s say that a capitalist employs a laborer to build a chair and pays him $10 to do so; the capitalist provides the tools of course. After that, the capitalist sells the chair for $40. Marx would look at that and say that the capitalist has captured $30 of the value of that chair unrightfully because the only source of value is labor. If LTV, goes out the window, then this falls apart.

Maybe the capitalist provides value by taking on the risk of owning the business which will be subject to market competition. The laborer will be paid his wage regardless of market conditions for chairs and is thus not subject to the same risk. The capitalist adds value in organizing bringing the materials to a place that the laborer can construct the chair. The capitalist controls the time dimension of the investment. He considers whether he would rather spend more time on a higher priced chair or less time on a lower priced chair. The capitalist makes decisions about his investments in fixed capital as in what quality of tools, what kinds of tools, etc are provided to the chairmaker.

not surprising, he posts in r/askeconomics, r/economy and r/economics

i also found this apologist commnt on his profiile

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hear me out, this might sound crazy and you probably won't believe it, maybe the main driving force that's corrupting capitalism is capitalism (private property and profit motive) itself

Original Poster-4 points · 12 hours ago

They might happen on a small scale if people elected to continue to pursue advanced technology. I think you’d have a pretty damn touch time acquiring the capital needed to fund projects of the magnitude required to work on producing the AI that we’re told is in the pipeline. You aren’t gonna get to AI given a team of programmers in a garage. You need lots of manufacturing capital and tons of money to research.

Even if you get the physical capital part out of the way, simply getting a couple thousand people to volunteer to study engineering & get masters degrees / PHDs in this space to collectively work on building this stuff seems like it would be great, but I just don’t see it happening naturally, and I certainly don’t see it “for sure” still happening.

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I think you’d have a pretty damn touch time acquiring the capital needed to fund projects of the magnitude required to work on producing the AI that we’re told is in the pipeline. You aren’t gonna get to AI given a team of programmers in a garage. You need lots of manufacturing capital and tons of money to research.

there's one problem with this statement, there is no capital in communism

currency is abolished under communism so appealing to needing lots of capital doesn't work as an argument

free association is the ultimate goal, the line between unemployed and employed becomes non-existant and you set the hours you work yourself

Both big corporations and big government can be a threat to individual freedom. The common theme is "big." The difference, however, is that authoritarian governments die out slowly and violently, whereas authoritarian corporations can go out of business suddenly and without bloodshed.

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Score hidden · 9 hours ago

whereas authoritarian corporations can go out of business suddenly and without bloodshed.

amazon seems to be going strong

and even if amazon falls it will just be replaced by a company that's just as exploitative meaning that nothing got fixed

no kidding, conservatives are really close to being communist but they stumble on the last step

marx explained the economy and power dynamics in great , so saying that somebody explained how (liberal) economics work doesn't debunk him

and ancaps wonder why we compare them to fascism

if you want to make people support you maybe don't make your opponent look like a super saiyan

Hell, stocks went down recently just on news that worker wages were rising gradually due to normal market forces.

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stocks make no sense, their value is purely based on how few people hold them and how much you can exploit your workers

30 points · 2 days ago

supermarkets can be explained with one simple word: imperialism

it's easy to get resources from other countries when you hold economic power over them

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seperate them like the code on the card, it makes it much easier to read the code

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