[lbo-talk] Definition of nation (was as if on cue)

[Eubulides]

On 11-02-15 04:48 PM, Carrol Cox wrote:
>
> As for the labor theory of value. I don't know whether it explains
> everything; but it explains the things that are important now.
> Joanna
> ======
>
> It explains capitalism _as a whole_, as a completed system. But I'm not sure
> what you think it explains. It doesn't hold up empirically as an explanation
> of prices or wages. And it's not needed to explain exploitation, which has
> been an obvious fact for several millennia longer than capitalism has
> existed.

===========

What are the criteria for determining that capitalism is a completed system?

Neither you or Joanna have produced a shard of evidence over the years 
that the so-called ltv does any explanatory work whatsoever.

To paraphrase Hume:

Does the ltv explain the inability of human beings to deal with global 
warming?

Does it explain how/why one faction of the capitalists in the US want a 
strong dollar while there are PhD. economists who think the dollar 
should fall?

Does it explain why union density is falling in Germany and the US?

Does it explain the current commodities bubble? Does it explain *any* 
bubble?

Does it explain why the USG decide to destroy Iraq?

Does it explain why the working class in China and India are unable to 
get better wastewater treatment plants?

If can't even help explain *any* of the above issues perhaps it should 
be consigned to the flames?

Where's my propane torch?

Cons