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twoodfin
22 days ago
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How to earn a billion dollars
What would that $500 not being “extracted from the value chain” look like?
inigyou
22 days ago
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It would either be passed along the chain or it would not enter the chain.
twoodfin
22 days ago
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parent
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Seriously, what does “passed along the chain” look like in your example?
inigyou
21 days ago
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root
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parent
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Given to the people who create the value.
twoodfin
21 days ago
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root
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parent
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How is that distinct from the labor theory of value? In your model, who’s creating the value other than the labor?
inigyou
19 days ago
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root
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parent
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A GPU is worth $10k. When someone brings a GPU into existence it creates $10k of value. What is needed to bring a GPU into existence?
twoodfin
19 days ago
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root
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parent
[–]
Well, for one thing, billions of dollars of capital!
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