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.

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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.

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inigyou 3 hours ago | parent [-]

Did you reply to the wrong comment by mistake?

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twoodfin an hour ago | parent [-]

What would that $500 not being “extracted from the value chain” look like?

	▲	inigyou 36 minutes ago \| parent [-]
		It would either be passed along the chain or it would not enter the chain.