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Money without value and value without money (chrisbehan.ca)
2 points by weekendvampire on Feb 13, 2022 | hide | past | favorite | 2 comments



Fully agree with this article. I regularly have meetings where our customers (big corps) haul in >12 people while only 2 or 3 people would have been sufficient.

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/deliver them with as little cost/overhead as possible. That allows the big cooperations to have high margins to pay a totally inefficient workforce.


The author would benefit greatly by reading Karl Marx's Critique on Political economy. In this article they are mixing the notions of use value-cost, price-money.

One example is open source. Open source code has by definition 0 exchange value, thus 0 price. It is insanely usefull but you can't make a single cent selling them. This is no paradox, and one can inderstand how that works by reading the book.




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