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Money without value and value without money

2 pointsby weekendvampireover 3 years ago

2 comments

frnkngover 3 years ago
Fully agree with this article. I regularly have meetings where our customers (big corps) haul in &gt;12 people while only 2 or 3 people would have been sufficient.<p>I guess big cooperations exactly know in which pieces of the supply chain the true value is delivered. And they capture exactly those pieces. The other pieces are outsourced to produce&#x2F;deliver them with as little cost&#x2F;overhead as possible. That allows the big cooperations to have high margins to pay a totally inefficient workforce.
gtsopover 3 years ago
The author would benefit greatly by reading Karl Marx&#x27;s Critique on Political economy. In this article they are mixing the notions of use value-cost, price-money.<p>One example is open source. Open source code has by definition 0 exchange value, thus 0 price. It is insanely usefull but you can&#x27;t make a single cent selling them. This is no paradox, and one can inderstand how that works by reading the book.