Premium Only Content
Is LTV Disproven by Products with Different Times Put Into Them Being Exchanged?
Thanks to Comrade Lucas for this excellent economics video. The first of many, no doubt.
Timestamps:
00:00 Intro
00:23 Why LTV is necessary
02:25 Federal reserve debasing currency
03:24 Notion ofa useless class
04:34 Outline of video
06:09 Must there be different forms of labour of products are exchanged with different amounts of time put into them?
07:40 Does running a business count as labour?
08:49 Labour is what gives value in exchange as the common thing between different objects
09:42 Both objects cannot be equated by same use value to both parties
11:30 The only thing in common between different products is labour
11:25 Price is based on socially necessary labour required
12:53 Money as a universal commodity
14:30 Money is social recognition of labour put into a commodity
15:10 To have different use values, products in exchanged must be produced by different kinds of labour
16:05 Is it something else quatung items with different labour times?
17:48 Socially necessary time is average for all workers
18:40 Advanced labour is the multiplication of simple labour
21:02 It is not the case that the longer it takes to make something the more the maker should be paid
22:06 Closing word from the Chairman
23:13 Outro
-------THE MAOIST COMMUNIST PARTY; ECONOMIC JUSTICE AND SOCIAL MORALITY, A PROLETARIAN CULTURE AND IDENTITY-------
MAOIST COMMUNIST PARTY WEBSITE: http://mcp.rf.gd/
MAOIST COMMUNIST PARTY DISCORD SERVER: https://discord.gg/XPzeYYf
OUR PROGRAMME "TOWARDS TRANSITION": http://mcp.rf.gd/2020/06/10/党员月报-party-members-monthly-16/
APPLY TO JOIN THE PARTY OR BECOME A COMRADE OF THE PARTY OR SUB:
https://forms.gle/TF6SCfWarAyQmDyd7
--------------
May God bless you, and the powerful intercession of the Virgin Mary bring forth many graces in your life!
-
6:14
Buddy Brown
6 hours ago $0.76 earnedLaw Enforcement Caught SNOOPING on PRIVATE LAND! | Buddy Brown
4325 -
16:21
Real Estate
1 month agoIt’s Not Just You..NO ONE CAN AFFORD KIDS ANYMORE
109 -
LIVE
LFA TV
23 hours agoLIVE & BREAKING NEWS! | MONDAY 11/3/25
1,117 watching -
1:11:07
vivafrei
2 hours agoFishing for Lawsuits! I Get Blocked Because Zohran is Anti-Gay? Halloween Terror Plot & MORE!
72.1K22 -
1:12:46
Russell Brand
4 hours agoWE’RE BACK! The Fight for Freedom Starts NOW - SF645
68.2K62 -
1:07:56
The Quartering
3 hours agoBen Shapiro Vs Tucker Carlson, Blackface Trick Works, Kash Patel Under Fire, Based Woman Vs Trans
58.2K16 -
LIVE
The HotSeat With Todd Spears
2 hours agoEpisode 202: Ladies it's YOUR Battle too!
620 watching -
1:24:44
DeVory Darkins
4 hours agoTrump dominates 60 minutes interview as Democrats surrender to Mamdani
116K41 -
7:29
China Uncensored
6 hours agoThey’re Beautiful. They’re Dangerous. They Work for the CCP.
4.13K13 -
1:50:43
Tucker Carlson
4 hours agoChris Williamson’s Advice to Men: How to Survive a World of OnlyFans and AI Girlfriends
68.5K71