As the 21st-century unfolds, it’s time to completely debunk economic theories left over from the 19th & 20th. Value does not derive from labor; it derives from self-actualization. Everything we do to help people express themselves at a higher level puts value into the economy.

Jun 11, 2019 · 10:40 PM UTC

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Replying to @marwilliamson
That is a brilliant quote. So very true.
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Replying to @marwilliamson
I mean yes, but if we had gotten as far as labor is value, we wouldn’t be debating a liveable minimum wage in terms of whether a person’s full time labor creating profit for someone else warrants it. CAPITAL is value right now. Practically nothing else is.
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Replying to @marwilliamson
The fly in your economic ointment is that while I'm willing to pay my plumber a fair price to repair my toilet (fair determined by me, based on my willingness to do the work myself, or find someone else) I am not willing to pay him a dime to self-actualuze. Not a dime.
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Replying to @marwilliamson
Self-actualization is the opiate of the masses.
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Replying to @marwilliamson
No, value derives from labor. Self-actualization doesn't mean anything.
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Replying to @marwilliamson
Including the failed theories of socialism
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Replying to @marwilliamson
@BungaCast @gtbho this is amazing. She is the Californian Ideology.
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Replying to @marwilliamson
In a free market, economic theories that don’t work get debunked. Those that prove themselves to work stay. When politicians try to force economics to advance their agendas and ideologies, that’s when the economy will not serve everyone.
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