Date: Wed, 25 Feb 98 8:01:48 EST From: boddhisatva <kbevans-AT-panix.com> Subject: Re: M-I: Existence of Value C. Sid asks: "Why is gasoline more expensive...than rain water?". I don't know, Sid, use-value? or is it the amount of labor it takes to pump it out of the ground? He also asks: "What is the value created by an unemployed person?" I'm pretty sure there is a clever "reserve army of labor" argument underlying this seemingly innocent question. The tougher question is what value is created by a person who creates something nobody wants, or a person who takes hours to make someting that a machine can make in minutes. Welcome to the magical world of "socially necessary" labor time. This is a happy land where everything is averaged to create labor value clothes for the nakedly dogmatic Emperor of the dual kingdoms of Catastrophia and Equillibria. In Equillibria, political economy works with strict and inevitable Newtonian precision, driving the lucky denizens into the promised land of Catastrophia where clever Marxists Munchkins guide them out of their confusion and onto the yellow brick road. Unfortunately the denizens never seem to get where they're supposed to go. Perhaps they have been cunningly shod by the capitalists with diabolically clever, self-clicking ruby slippers. peace --- from list marxism-international-AT-lists.village.virginia.edu ---
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