[lbo-talk] Time is the real value of labour

[Mike Ballard]

"Labour alone, therefore, never varying in its own value, is alone the
ultimate and real standard by which the value of all commodities can
at all times and places be estimated and compared. It is their real
price; money is their nominal price only." (2)

It is on the juxtaposition and meaning of these words within the
system we inhabit currently and the alternative system we may choose
for the future that I intend to comment on here; price, cost, labour,
value, money.

Take money for instance, what does it mean to most people? Simply a
means of acquiring the things they need and want, in fact most things
throughout life and for the majority that isn't easily attained. And
in many cases there is never enough, however hard they try. How much
one needs for an average life for an average lifetime who knows? On an
average wage, wherever you live on the planet, who can imagine what it
means to be a millionaire or a billionaire - the numbers of which are
rising fast?
Counting at the rate of one dollar, pound or euro per second it will
take twelve days to count a million and  thirty one years to count a
billion. Longer if you stop for the necessities of life. And as for a
trillion, a number bandied about more frequently of late, with the
expectation that within a few short years the first trillionaire will
hit the headlines, simple maths shows us that 31,000 years would be
required. That's an awful lot of toil and trouble, an awful lot of
labour.

full: http://socialismoryourmoneyback.blogspot.com.au/2014/06/the-real-value-of-labour.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+blogspot/Lkuul+(SOCIALISM+OR+YOUR+MONEY+BACK)

Mike B)

-- 
Wobbly times
http://wobblytimes.blogspot.com.au/