- Capitalism and Alternatives -

Exhausting!

Posted by: Stoller on November 18, 1999 at 00:58:41:

In Reply to: jive talkin' do do do do do! posted by Gee on November 17, 1999 at 20:50:22:

: They calculate the exchange value - which is something you presumably are not doing.
Now that you're BEGINNING to grasp the idea of exchange-value---after SDF and RD have so patiently explained it you---you seem to think that you can use it as a weapon to obfuscate the simple idea that capitalists DO have prety solid notions of what rates of exchange to expect.
Of course there are crises of overproduction and stock-market bubbles---but generally capitalists know that constant + variable IS their 'overhead' and that paying labor LESS than what it actually produces will create surplus.
You wish to infer that they're running in the dark, tailing the customer.
And that's nonsense.
That candy-bar is NOT worth $100 when some isolated crank buys it at that price.

Follow Ups:

good exercise Gee si November 18 1999 (51)
- Whatever Stoller November 18 1999 (50)
  - it is the consumer who determines value. DonS USA November 19 1999 (31)
    - For the LAST time...(better) Stoller November 19 1999 (29)
      - why lower your price to undercut the competition DonS USA November 23 1999 (13)
        
        Again Stoller November 24 1999 (12)
        
        No price war DonS USA November 24 1999 (11)
        
        Yaaawn...(better) Stoller November 24 1999 (9)
        
        if demand is sufficiently high, there is no point in engaging in a price war. DonS USA November 25 1999 (8)
        
        ??? Stoller November 26 1999 (7)
        
        competition only comes into play if demand is insufficient for the needs of all the producers. DonS USA November 30 1999 (6)
        
        'Demand' - wih correct links Stoller November 30 1999 (4)
        
        I disagree. DonS USA December 01 1999 (3)
        
        That's what this whole forum is about Stoller December 01 1999 (2)
        
        Addition Stoller December 02 1999 (0)
        
        most 'capitalists' are pragmatic people who are not much interested in free market theory. DonS USA December 02 1999 (0)
        
        'Demand' Stoller November 30 1999 (0)
        
        Yaaawn... Stoller November 24 1999 (0)
      - and what does that tell you.... Gee si November 19 1999 (14)
        
        That you never read Capital perhaps? Stoller November 20 1999 (13)
        
        burn the heretics Gee si November 22 1999 (8)
        
        You're being evasive Stoller November 22 1999 (7)
        
        foolish Gee si November 22 1999 (6)
        
        No kidding Stoller November 23 1999 (5)
        
        break it down Gee si November 23 1999 (4)
        
        These are the breaks (calling McSpot) Stoller November 23 1999 (3)
        
        Complicated theories DonS USA November 24 1999 (2)
        
        ...and meager minds Stoller November 24 1999 (1)
        
        By parsimony one rejects the more complicated theory. DonS USA November 25 1999 (0)
        
        Those ignorant proles are going to need a priest Stuart Gort USA November 21 1999 (3)
        
        anyone who takes the economic ramblings of a loser like Marx seriously DonS USA November 24 1999 (2)
        
        at least your not trying to pretend your argument is based on reason lark November 24 1999 (1)
        
        When someone calls me DonS USA November 25 1999 (0)
    - For the LAST time... Stoller November 19 1999 (0)
  - Indeed. Dr. Cruel November 19 1999 (17)
    - Is Doc 'Mister Peace'? Stoller November 19 1999 (16)
      - A crucible of contention ... but I have the remedy. Dr. Cruel November 22 1999 (15)
        
        Lies, distortion, and ignorance Stoller November 23 1999 (8)
        
        No thank you, I've had my fill. Dr. Cruel November 24 1999 (7)
        
        Doc's sour propaganda factory Stoller November 24 1999 (6)
        
        Propaganda isn't, if it's true. Dr. Cruel November 30 1999 (5)
        
        Let's cut to the chase Stoller November 30 1999 (4)
        
        Hacking away... Dr. Cruel December 01 1999 (2)
        
        ...at yet MORE omissions and distortions Stoller December 01 1999 (1)
        
        And yet it moves. Dr. Cruel December 02 1999 (0)
        
        And, furthermore... Stoller December 01 1999 (0)
        
        A 'Reaganesque' foreign policy is your remedy (better) Stoller November 23 1999 (3)
        
        Slithering Dr. Cruel November 24 1999 (2)
        
        Doc's Illimitable Nonsense (better) Stoller November 24 1999 (0)
        
        Doc's Illimitable Nonsense Stoller November 24 1999 (0)
        
        A 'Reaganesque' foreign policy is your remedy Stoller November 22 1999 (1)
        
        Re: A 'Reaganesque' foreign policy is your remedy Stoller November 23 1999 (0)
The Value of a Dollar Stuart Gort USA November 18 1999 (26)
- The Value of a Ruble Dr. Cruel November 19 1999 (24)
  - The Value of a meal Stuart Gort USA November 19 1999 (23)
    - The (subjective) Value of a (happy) meal Stoller November 19 1999 (22)
      - You quit! Stuart Gort USA November 21 1999 (21)
        
        Your 'morality' is morally reprehensible Stoller November 21 1999 (20)
        
        Economic Hedonism Dr. Cruel November 24 1999 (3)
        
        Equals Economic Danger Stoller November 24 1999 (2)
        
        Pointlessness Dr. Cruel November 30 1999 (1)
        
        Thanks for the anecdotes Stoller December 01 1999 (0)
        
        Disagreement = Immorality Stuart Gort USA November 23 1999 (4)
        
        Let Them Eat Anecdotes Stoller November 23 1999 (3)
        
        Let Them Digest Marx? Where's the Pepto Bismol! Stuart Gort USA November 24 1999 (2)
        
        Some countries have no Pepto Bismol (correct link) Stoller November 25 1999 (0)
        
        Some countries have no Pepto Bismol Stoller November 25 1999 (0)
        
        The Rise of Worker Capitalism David USA November 22 1999 (10)
        
        McSpot Stuart Gort UAA November 23 1999 (1)
        
        The NY Times is a right wing paper Nikhil Jaikumar DSA MA,usa November 23 1999 (0)
        
        Either they are correct or incorrect. David USA November 23 1999 (2)
        
        They're incorrect Stoller November 23 1999 (1)
        
        all of those stats came from government agencies. David USA November 24 1999 (0)
        
        Worker Capitalism is a oxymoron Stoller November 22 1999 (2)
        
        Did you know... Stuart Gort USA November 23 1999 (1)
        
        ...that Forbes is a card sharpie? Stoller November 24 1999 (0)
        
        a word Gee si November 22 1999 (1)
        
        I understand. David USA November 23 1999 (0)
- The Value of $100 Stoller November 18 1999 (0)