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submitted 11 months ago by sundray@lemmus.org to c/fuck_ai@lemmy.world

CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he's selling.

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[-] melsaskca@lemmy.ca 29 points 11 months ago

We need a better tool than that old, easily-manipulated "stock market" to track value. Value needs to become real again, not always inflated, because "shareholders".

[-] nouben@lemmy.ml 16 points 11 months ago

It's not a tool to track value, it is gambling for rich folks

[-] Kage520@lemmy.world 9 points 11 months ago

Umm yes gambling kind of. But not as a regular customer. They are the house, and the house always wins long term.

[-] Juice@midwest.social 14 points 11 months ago

Value is a mechanism that hides what actually creates value: human labor power

[-] Eufalconimorph@discuss.tchncs.de 7 points 11 months ago

Energy & material extraction also create value.

[-] Juice@midwest.social 9 points 11 months ago

But who mines the materials? Natural resources are given to the oil and gas industries. The gasoline and fuels displace the value of human work by technological means, but the machines still need people to run them. The machines were built by workers. Without people doing stuff the oil and minerals just stay in the ground.

You can argue that oil and gas mineral industry mines the resources, but those resources, and the work it takes to extract them, is incredibly valuable to society. So who owns them, and why, becomes a political question.

Value is nothing but a store for human labor.

[-] MonkderVierte@lemmy.zip 6 points 11 months ago* (last edited 11 months ago)

And shareholder interests (create money!) make the too-big-to-fail companies think only in quarter year profits, turning them evil.

this post was submitted on 27 Sep 2025
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