this post was submitted on 11 May 2026
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the whole edifice of liberalism is built on pretending that the labor theory of value isn't true
The irony is that in early liberal economic philosophy, LTV was considered common sense. A hunk of metal does not obtain the value associated with a fork until someone manipulates the metal into a fork. It wasn’t until Marx took LTV to its logical conclusion that they invented marginal theory to create the narrative that ownership is injecting value somewhere along the way.