Meanstreak
I appreciate the sincerity and the obvious thought that you have put into your post.
All socialist and fascist ideologies are morally bankrupt, intellectually dishonest, and have been refuted not by theory but by history. Socialists are the greatest threat to human civilisation ever known -- empirically. They killed several tens of millions of human beings in the first century of their existence alone, and although the pace has abated somewhat, it has come at the terrible price of empowering an equally dangerous fascist state in the U.S. which has appointed itself the world's nanny (especially when it comes to spanking duty.)
There is nothing, absolutely nothing, subjective or theoretical about the argument -- people like eek, and presumably yourself, who encourage such systems to proliferate with your dishonest and hypocritical talk of "fair play" and "equality" are the scum of the human race, for you (plural) have imspired and empowered the political class to run roughshod over the entirety of humanity. You are a danger to life as we know it. Period.
To address the specifics of your post:
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I feeel this one needs a little moderation. Phaedrus, for someone as (seemingly) educated as you are you surprise me with your pompous, self-rightous attitude.
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Addressing the scum of the earth, it's hard not to be a little less than civil, especially eek, since he in particular loves to start fights and run away from them.
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Your argument with eek is wholly IDEOLOGICAL, and as such is entirely arbitrary and relative.
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Addressed above. Nothing of the sort. Weak-minded relativism has no place in my life.
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You happen to believe in a capitalist system whose entire edifice (including commodities, the market, money and so forth) is erected on the bases of 'exchange values'. Others (like eek, and myself) happen to believe in a system based on 'use value'.
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I sincerely doubt it. If you were a "use value" sort of person, which I am understanding to mean a sort of utilitarian, what the hell are you doing hanging out at a gambling forum? There is nothing less useful than an expensive and risky vice. (but of course, this doesn't count, I'm sure.)
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What you have done is used the arguments of one ideology as 'evidence' against another that it is 'meritless'. LVT is only 'meritless' if you happen to believe in capitalist ideology.
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The labour theory of value is meritless because it does not hold up to scrutiny.
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Some would suggest that the production of 'use values' is essentially a natural human expression (ie. humans produce what satisfy their wants), the use of exchange values sets n motion a process by which HUMANITY is DISTORTED. As an example of this distortion I will use your 'antiques and other collectibles' argument.
To say they gain 'massive worth' over time speaks only to t he willingness of others to accept that the coin or antiques has actually APPRECIATED in value. Just because someone has enough resources in life to be able to afford to pay a million dollars for a piece of art, does not NECESSARILY make that piece of art WORTH a million dollars. If I am shipwrecked on an island with an entire collection of Van Gogh masterpieces, but I have not an ounze of drinkable water - what do you think one of those pieces of art is worth to me now ?
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You're using two wholly unrelated arguments to try to make a single point badly. Something is worth whatever someone will pay for it. Not all antiques and collectibles gain value "massively" and it was not my intention to suggest that they do. There is no uniformity to the process and little in the way of guidelines by which such value changes can be predicted, which is why most people go broke attempting to get rich speculating in them (Beanie Baby Syndrome.)
To attempt to extrapolate this argument to the "desert island filled with Van Goghs" scenario doesn't even make basic logical sense, as it is predicated on some sort of universality in the increase in value of Van Gogh paintings, which is nonsense of course.
Here's another one to boil your LTV on, even though you convenientyl avoid all of the other holes: what about stuff that goes down in value? Is the labour leaking out of it like air from a baloon?
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Worth is entirely relative. Exchange value distorts the 'worth of the art piece. Use value recognizes that it is nothing more than a canvas, with some oil paint on it, and would calcualte the UNDISTORTED value accordingly.
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In other words, in a perfect world all artists give it up and become plumbers, since art is useless?
All paintings are worth the value of the canvas and paint, plus the artist's time?
All books are worth the market value of paper, plus the writer's time?
This is your justification of the labour theory of value?
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The bottom line is capitalism is a ME first ideology predicated on exploiting those who are in no position to argue.
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No it isn't. Capitalism is a system of human behaviour driven by the profit motive, i.e. it is an economic system built on human nature. Nothing more fancy or elaborate than that. Unlike idiotic socialist schemes capitalism neither claims nor pretends to be able to solve the myriad poblems of being a living human being in the world.
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It ensures that those who have been lucky enough to be born into a situation of priviledge can MAINTAIN their priviledge.
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So, the only wealthy capitalists are those who are born to it? That is patently ridiculous and easily disproven.
I have read extensively the "great" socialists. That is why I feel qualified to comment on them. If you had ever in your life studied even the basic tenets of capitalism, you would know that none of this trite, hackneyed garbage you are regurgitating is true.
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Socialism is an ideology that recognizes we are all in the same boat, so to speak, and that it is in everybody's best interest to find a way fro everyone to keep afloat.
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Socialism is equality in its most miserable form -- the altruistic egalitarianism born of envy.
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So, bottom line, just because your ideology is winning out - it does not follow that you can just dismiss other arguments as 'meritless', and come across as some kind of intellectual giant.
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Of all of the utterly vacuous things you have said, this has got to be the best. Capitalism is not "winning out" -- it is being throttled and trampled by socialism and fascism. No corner of the earth is safe from the scourge that people like yourself won't let die, no matter how many people it kills in the process.
When the civilisation finally collapses in on itself thanks to you and people like you, I hope you're still around to enjoy it. Here and there, little islands of capitalists will still have power and food, while the rest of you go back to living like the savages from which you came. I seriously hope that it suits you, and that you find all of your dreams fulfilled living under the fuedal system, at the pleasure of a pharoah, or in a cave for that matter (whatever level of civilisation humanity "lands" on after it crashes.)
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Peace.
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It is all but certain that there will be none, thanks to you and yours. You started the two bloodiest wars in the history of the world, launched the most massive genocide, the most tyrranical and bloodthirsty regimes, etc. There is a statistical likelihood of -0- that there will ever be any peace in the world while there is socialism afoot.
Phaedrus