[lbo-talk] What Would Have to Happen First

[Lakshmi Rhone]

Hi
I don't get this talk of revolution and the relation to the labor theory of
value. Sure, I get it that it is a theory of how I value goods, i.e. I on my
own or I, following the herd, tend to give goods relative value in terms of
how much labor I guess went into producing them. I agree that's something I
do consider. For example, I haggled with my plumber the other day because I
thought he was charging me for too many hours. But I also know that because
Chinese labor is so cheap I don't have to pay for how much labor actually
went into producing those goods, and I don't offer to pay a price that would
reflect full labor value! But even on the assumption that there is some
truth to a labor theory of valuation, I don't see what this has to do with
transforming the economy, peacefully or not.
First time poster, and I don't understand the leftist economic point of
view, though I am very concerned about social justice.
LR