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nvm0n2
on Sept 7, 2023
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Why Socialism? (1949)
Now do the oil industry.
deadfoxygrandpa
on Sept 7, 2023
[–]
the oil industry is in that same paper. it's the outlier in that its output is a bit higher than predicted, because of economic rent
nvm0n2
on Sept 7, 2023
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parent
[–]
My point is that the price of oil has nothing to do with the price of labor and frequently fluctuates in massive ways unconnected to the labor market.
greenie_beans
on Sept 7, 2023
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root
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parent
[–]
price has nothing to do with the labor theory of value
nvm0n2
on Sept 7, 2023
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root
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[–]
The post I was replying to talks about price.
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