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| ▲ | twoodfin 8 hours ago | parent | next [-] |
| What is being “extracted” from what? I described it as “sitting there” to contrast my viewpoint that in fact it’s not being “extracted” from anything as far as I can tell. |
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| ▲ | inigyou 6 hours ago | parent [-] | | Some Nvidia employees are making graphics cards, that cost $1000, and use $300 of materials, and being paid $200. $500 is being extracted from the value chain at that point and some of that is going to you because you own Nvidia stock. | | |
| ▲ | twoodfin 5 hours ago | parent [-] | | Ah, the labor theory of value. That makes sense. It’s totally incoherent and unreliable as an explanation for an economy, but it explains the comments in this thread. | | |
| ▲ | inigyou 3 hours ago | parent [-] | | Did you reply to the wrong comment by mistake? | | |
| ▲ | twoodfin an hour ago | parent [-] | | What would that $500 not being “extracted from the value chain” look like? | | |
| ▲ | inigyou an hour ago | parent [-] | | It would either be passed along the chain or it would not enter the chain. |
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| ▲ | zarathustreal 8 hours ago | parent | prev [-] |
| Do you think “work” means literally “manual labor”? |
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| ▲ | thrance 5 hours ago | parent | next [-] | | Work implies the creation of value: physical artifacts, services, or more generally, stuff that adds to the world. Capital gails isn't work, you're getting money without adding anything to the world. | |
| ▲ | well_ackshually 8 hours ago | parent | prev [-] | | Work means the creation of things. Clicking on stocks for your 401k is not working. | | |
| ▲ | zarathustreal 7 hours ago | parent [-] | | The counter-examples are so obvious it makes me feel that pointing them out wouldn’t actually help you understand reality |
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