I like Richard Wolff, at least he is well read on the theories he expouses. However, the issue with the labor theory of value, besides the fact that value is subjective, is that it doesnt talk about the value in taking up the risk of starting/running a company. Thats why the workers denied Milei when he offered to turn the "state run" Aerolineas Argentinas into a worker owned cooperative, because they want to be absorbed from the risk.

Why would you leave that anywhere?

I'm going to tell my children this was Chevy Chase

Thank you 🙏

#MengerFixesThis

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"...and if we stop focusing on the bottom line then the oceans will turn to lemonade."

A bottom line in the red means you are not using resources to effectively better the lives of others.

A bottom line in the black means you are.

Without corporate profit as an indicator there is no way to know that you are doing good for the market, amd there is nothing to fund innovation.

Without household profit there is nothing left for savings or for charitable donations.

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