socialism

January 27, 2006

Glad to see the Labor Theory of Value is still alive and well throughout the world these days. Because, if you repeat it often enough, it becomes the truth, right? Well, not so much. Lest I remind the good folks over at Workers World Online (come on, say you were surprised!), Lest I remind the good folks at Workers, labor is a commodity, it is neither a right nor an obligation.

Anyways, to the point:

Workers brings us the laughable argument that Ford’s $25B in cash could employ domestic workers indefinitely. A few things to consider: Arguing thusly, one reaches the conclusion that we ought to let our plants rest idle, and live off the fat of the “exploited” labor abroad - which, I might add is a philosophical nightmare for any true socialist.

Additionally, GM lost something along the line of NINE BILLION dollars in fiscal year 2005. $25 Billion doesn’t last very long at that pace. No, not very long at all.

More on Socialism, and how alive & well it is in Flint, Michigan, later. Until then if my previous discussion on the value of Labor isn’t enough, get your hands on Carl Menger’s Principles, focusing on his theory of imputation.


Posted in: Potpourri

Comments

1 Comment so far

  1. Mahndisa S. Rigmaiden January 28, 2006 1:22 pm

    01 28 06

    Hello I like this post when you say how labor is a commodity not a right. The attitude of many of those commies is to overlook that fact and focus on the entitlement of the workers. These people have no understanding of economics and I just don’t get that. My sister oft talks about how, she was ‘unfairly fired’ and I say:”Well in CA you are an AT WILL employee and you can get hired or fired without cause for any reason.” There is usually not a response. As long as we work for other people, we will be subject to their rules:) Good post, I have been looking for more sites that champion Lockean Liberalism. I see you have the CATO guys on your sidebar. I shall come back to visit again:)

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