• EchoCT
    link
    fedilink
    arrow-up
    2
    ·
    10 months ago

    In the example regarding the brokers look at whos labor they’re profiteering from it’s not their own.

    • MxM111@kbin.social
      link
      fedilink
      arrow-up
      2
      arrow-down
      1
      ·
      10 months ago

      Are you talking about broker taking commission when buying and selling stock? They provide service of buying/selling and the commission is the service fee. Why is it not their labor?

      • EchoCT
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        10 months ago

        Moving fake numbers representative of labor is not in itself labor. It’s extraction of labor value from someone who actually provided something useful to society.

        • MxM111@kbin.social
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          10 months ago

          Moving numbers or information representing anything or nothing is a service processed to the one who purchased the service - to the person or institution that wants to buy or sell stock. Why is it not labour? Do you not count sales person actions in a store as labour?