| Re: Why We Don't Celebrate A "Capital Day" |
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Group: alt.philosophy · Group Profile
Author: Bret CahillBret Cahill Date: Sep 2, 2008 21:50
>>>> ... But the jars of fruit are __**NEVER**__ capital.
>>> That's true -and that is precisely the error in the "labor theory of
>>> value".
>>> What is capital is inventing a process to make jars at half the
>>> previous price
>> That's labor.
> Suppose
Suppose there was an infinite amount of oil . . .
Hey, supposing is _fun_!
Useless, but fun.
> we can construct - through labor - a device that
> pays dividends equal to 1000 times its value in labor
> (and materials)
When you find an example of anything even 1/100th as good let me know.
> What do you call the other 999 in value
> added? Most people call it "capital".
Most would call it "fantasy."
> It sure is not rent....
You aren't functional enough to debate LVT, site vale taxation.
Bret Cahill
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