>>24504057>Maybe internally, but not externallywhat does this even mean? Marx talks about the totality of the economy, which means the world economy
>>24504063it predicts prices with very high accuracy. it is a perfectly testable theory. go read the academic literature on the subject
>>24504090>But you only know that after the value has been/failed to be realized on the market, right?correct
>Then profiting from labor should not be deemed "exploitation", because the capitalist doesn't know it will be profitablewhether the capitalist knows if production will be profitable or not has no bearing on whether the workers were exploited or not. what we can say is that when an excess is produced then no value was produced and therefore no surplus value and no exploitation was done for that excess supply. this is why for example workers in the global south are not "overexploited" as proponents of unequal exchange claim, but rather the opposite. the most exploited workers often have the best working conditions. see for example differences in the mining industry across countries. the most productive workers control robots from air conditioned control rooms, whereas the least productive, least exploited work with shovels and picks in grueling conditions
>If value is objectively imparted through labor and skimmed off by the capitalist on profit, where does it go on loss?such value comes from other, more productive workers
>>24504097>le supply and demandboo get new material