Brief note on the Surplus labor theory of value lies.
It assumes that volunteers are slaves because if I work for
someone who say they're disabled and I volunteer at zero dollars
and zero cents an hour to clean their house.
Well, they're benefiting from my labor.
They're profiting. This is ridiculous.
But Libertarians, of course recognize this as legitimate
because the actors involved are engaged in a voluntary Exchange.
Change. But the Surplus labor theory of
value goes around and says I think this person is benefiting
more than that other person. Therefore exploitation is
existing. So if there's two people and
they're married and the man Works eight hours a day and the
woman does not work. She stays home and watches the
kids. Well, she's getting a house and
she's getting food and she's getting clothing.
So she is exploiting his labor. Of course Libertarians just
laugh at that nonsense. It's just another Voluntary
exchange, but this is where the Surplus labor theory of bullshit
gets you. It also assumes that
entrepreneurs are not workers. So deciding what to make and
what to sell to Consumers. They don't consider that work.
Even though it takes hundreds of hours in which you're not
getting paid. You have to market the idea.
You have to develop a hiring process.
You have to choose where to produce your product, how to
produce it. You have to constantly innovate
and keep up with competition. You have to reinvest a portion.
None of your money, there's training that's involved in, you
know, telling other people how to, you know, operate plants and
everything. There's tons of work and often
years before you become profitable.
Also, the quote workers or employees owning the factory
doesn't automatically mean you get higher wages higher wages
are the result of higher worker productivity and competition.
So if you are writing with a pen and paper, you might Able to
write maybe 10 pages an hour or so if you really focus on your
handwriting, but if you have a typewriter or a computer or an
artificial intelligence device, which you can speak into and
types it out for you. Well, then you're much more
productive, the more productive, you are, the more the business
is able to sell to more customers and make more money,
which increases the likelihood that you'll get a higher wage
because you're more valuable to them.
And, of course, when there's Ders, you can always leave and
go somewhere. So they want to incentivize you
to stay with them. Also, this Theory assumes that
welfare recipients are all labor exploiters along with all
retired, people living off, pensions.
So, where's the libertarian would say you should of course,
live off a pension. So long, as there's a voluntary
contract that you chose to invest in, you can take out
money as well. There's nothing wrong with this,
but under the labor theory of value, you are not a worker, you
just sit back and you just collect money.
Also, it doesn't Acknowledge the fact that yes business owners
are seeking profit. They're always looking to get
more resources. Other people trying to get more
resources, are consumers. Everyone's trying to get more.
So they just try to erroneously vilify one group to create an
enemy so they could justify a bigger power.
Grab employees are also seeking profit.
There's nothing wrong with, with any of this.
This is a harmonious interaction because all people are involved
voluntarily ownership of your Workplace is not necessarily a
good thing because you would be undiversified.
So if I work at Lehman Brothers and I only man Brothers, I'm
totally screwed. So if I work at Lehman Brothers,
maybe, I don't want to invest and be a part owner of Lehman
Brothers. I might want something like
Walmart, or Amazon or apple, or maybe General Electric.
So, it's not even good investment advice for you to own
necessarily where you work, but hey, if you want to Nothing
wrong with it. This theory, of course, rejects
the workers right to voluntarily contract.
So I could do my own thing. However, I want to access to
this company's reputation because then I could be more
productive there and I don't have to come up with my own idea
of what to sell. So maybe I want to voluntarily
contract labor theory of value, says Nope not allowed.
That is slavery. We own your body.
You don't have the right to choose.
We don't like what you voluntarily.
Ali choose to do with other voluntary.
Actors that is claiming ownership over, another person's
body, of course, do unprofitable businesses exploit.
So if the concept is, you're making money off my labor, but
if I'm not making money, then the employee is profiting off me
and my idea and my business and my reputation.
Now, the employee is the exploiter of course, ridiculous.
Nonsense is far. Oh, yeah, the profit motives
evil because businesses are seeking profit.
Well, if all ownership was given to the quote in workers, or
whoever the employees are that show up, you know, for five days
a week, if they all of a sudden own things.
Well, they're probably just as greedy as anyone else.
So they would still vote in the same things that the Socialist
criticizes capitalism for. And of course, employee
ownership is fully consistent with capitalism.
There's a place in Arizona called.
Gwen Koh another place called Cruise America and that is
referred to as an employee-owned company.
It's voluntary exchange. So there's nothing
anti-capitalistic about it. The capitalism part comes in
when you allow people to opt out of any system of that.
So the labor theory of value is verifiably economically, false
and morally false.