A Quote by Rudolf Hilferding
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.
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It is probably safe to say that all the changes of factual knowledge which have led to the relativity theory, resulting in a very great theoretical development, are completely trivial from any point of view except their relevance to the structure of a theoretical system.
As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production.
The whole point of building theoretical systems is to explain what humans know by pre-theoretical experience. That is the starting point for any philosophy. That is the data it seeks to explain. If it fails to explain the data of experience, then it has failed the test. It has been falsified.
An increase in shareholder value can arise for reasons other than greater efficiency, such as increased power and the resulting ability to increase profits by raising prices.
Work of all kinds is got from poor women, at prices that will not keep soul and body together, and then the articles thus made aresold for prices that give monstrous prices to the capitalist, who thus grows rich on the hard labor of our sex.
Use book value as a starting point to try and establish the value of the enterprise.
The basis of bureaucratic rule is the poverty of society in objects of consumption, with the resulting struggle of each against all. When there is enough goods in a store, the purchasers can come whenever they want to. When there is little goods, the purchasers are compelled to stand in line. When the lines are very long, it is necessary to appoint a policeman to keep order. Such is the starting point of the power of the Soviet bureaucracy. It "knows" who is to get something and who has to wait.
The directing motive, the end and aim of capitalist production, is to extract the greatest possible amount of surplus value, and consequently to exploit labor-power to the greatest possible extent.
What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
I raised my prices since there wasn't any competition it was just the smart thing to do. Why would I keep my prices up if their wasn't anyone to beat?
In the history of science, we often find that the study of some natural phenomenon has been the starting point in the development of a new branch of knowledge.
Let them make their war.
Whence come night and day?
Whence will the eagle become gray?
Whence is it that night is dark?
Whence is it that the linnet is green?
The ebullition of the sea,
How is it not seen?
The object of the law of value is to elucidate the actual exchange relations of commodities.
Under communism, prices were not allowed to reflect economic reality. Under capitalism, prices don't reflect ecological reality. In the long run, the capitalist flaw -- if uncorrected -- may prove to be the more catastrophic.
The starting-point for all systems of aesthetics must be the personal experience of a peculiar emotion. The objects that provoke this emotion we call works of art.
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