Red_Scare [he/him]

  • 4 Posts
  • 13 Comments
Joined 4 years ago
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Cake day: November 19th, 2020

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  • No, economic value is still created at the point of commodity production. What happened is that industrial production has been outsourced to the global South and the value is being siphoned in the form of hugely undervalued commodities via unequal trade. This value is used to inflate payouts to the service, financial, and digital sectors in the global North. So looking purely at monetary value at the point of exchange one might come to the conclusion Twitter creates more value than agriculture, metallurgy etc. This is patently false under the labour theory of value.

    This is simply the final stage of imperialism and by the way, just notice that imperialists don’t start wars over Yandex, Baidu, TikTok etc, they start wars over natural gas, lithium, oil, wheat, access to cheap labour, etc.