Equity is a Marxist agenda because it asserts a social Objective Value, the same way that Marx asserted Objective Value from the Labor Theory of Value.
Marx called profit "Surplus Value". The Equity advocates argue Surplus Value as a social value is "Privilege".
In order to return to the correct objective value, and reduce Surplus Value, that value must be redistributed by removing it from the Surplus Valued (bourgeoisie) and redistributed to the undervalued (proletariat).
The Social Value of the privilege must be redistributed to the oppressed for the same equity reason.
Kind of. It's recognition of the fundamental basis of Leftist narratives within the Marxist historical dialectic.
Or, basically, Marxism is an equation, and all the Left ever does is change the variable names.
I've said the latter more than the former, but they mean the same thing. Marxism relies heavily on the concept of Objective Value, by relying heavily on the Labour Theory of Value to construct it. That's actually where the whole concept of equality stems from. That the labor put into growing an apple is all the same, and as such no apple should be different. All the value of all things with equal labor get equal price. When you assert this objective value, that is where all things should be. Equity is restoring things to the asserted equal value.
Beyond that, the applications and modern vernacular might be different but the concept is still the same. Assert and objective value, force things to move to that value.
The flaws are also still the same. Objective value doesn't exist. Only subjective value exists. Nothing can be equally valuable, because no one values things equally. That's actually the whole point of trade. Neither party values the things they are exchanging equally. Both persons value the other thing more than the thing they are getting rid of, which is why a free exchange is mutually beneficial. According to objective value, someone must be getting screwed over, because it is either being over-valued or under-valued by someone who knows the objective price. Hence, it is why all profit is exploitation. The only reason you made money is because you convinced someone to over-value it. All trade is fraud by definition. If everyone understood the objective value of a thing, they would never give it up for less than that value.
But again, that's nonsense because you can't give something an objective value. Different people value the same things differently at different times. Value is a purely subjective concept.
Sorry, let me rephrase that. Equity is a Marxist agenda because it asserts the need to correct a social Objective Value for asserted categories of people (or "intertemporal abstractions" as Thomas Sowell would call it).
Labour isn't objectively valuable? Or is it in reference to Labour needing direction and skill to be valuable?
Labour isn't objectively valuable regardless of skill. Objective value simply doesn't exist. All value must be subjective, because it is valued by the person seeking to satisfy their demand.
You would have quite a bit of skill and talent to create an army of Warhammer miniatures, in accurate detail and color. But it's value to me is zero because I don't want it. It doesn't matter how much work or skill you put into it, it has no value to me. It may have lots of value to someone else, but that is why it is subjective.
Your labour could effect a thing's value to me only if it changed something about the final good or service as it effects me. If it satisfies more of what I want it may be more valuable. Hell, even if it isn't any more skilled or of higher quality, but is simply faster I may want it more. Or, maybe I want it to be done at a very specific time and or place, and then it's more valuable.
Fundamentally, it doesn't matter what amount of work you actually put into something that gives it value. It only matters if you are doing something that will benefit me.
In fact, if you don't ever sell the thing that you put all that work into... it doesn't have any value beyond sentimental value to you. It's value can't be truly established in reality without someone being willing to actually buy it.
Equity is a Marxist agenda because it asserts a social Objective Value, the same way that Marx asserted Objective Value from the Labor Theory of Value.
Marx called profit "Surplus Value". The Equity advocates argue Surplus Value as a social value is "Privilege".
In order to return to the correct objective value, and reduce Surplus Value, that value must be redistributed by removing it from the Surplus Valued (bourgeoisie) and redistributed to the undervalued (proletariat).
The Social Value of the privilege must be redistributed to the oppressed for the same equity reason.
Is this a new formulation on your part? I like it.
Kind of. It's recognition of the fundamental basis of Leftist narratives within the Marxist historical dialectic.
Or, basically, Marxism is an equation, and all the Left ever does is change the variable names.
I've said the latter more than the former, but they mean the same thing. Marxism relies heavily on the concept of Objective Value, by relying heavily on the Labour Theory of Value to construct it. That's actually where the whole concept of equality stems from. That the labor put into growing an apple is all the same, and as such no apple should be different. All the value of all things with equal labor get equal price. When you assert this objective value, that is where all things should be. Equity is restoring things to the asserted equal value.
Beyond that, the applications and modern vernacular might be different but the concept is still the same. Assert and objective value, force things to move to that value.
The flaws are also still the same. Objective value doesn't exist. Only subjective value exists. Nothing can be equally valuable, because no one values things equally. That's actually the whole point of trade. Neither party values the things they are exchanging equally. Both persons value the other thing more than the thing they are getting rid of, which is why a free exchange is mutually beneficial. According to objective value, someone must be getting screwed over, because it is either being over-valued or under-valued by someone who knows the objective price. Hence, it is why all profit is exploitation. The only reason you made money is because you convinced someone to over-value it. All trade is fraud by definition. If everyone understood the objective value of a thing, they would never give it up for less than that value.
But again, that's nonsense because you can't give something an objective value. Different people value the same things differently at different times. Value is a purely subjective concept.
Objective social value of what?
Labour isn't objectively valuable? Or is it in reference to Labour needing direction and skill to be valuable?
Sorry, let me rephrase that. Equity is a Marxist agenda because it asserts the need to correct a social Objective Value for asserted categories of people (or "intertemporal abstractions" as Thomas Sowell would call it).
Labour isn't objectively valuable regardless of skill. Objective value simply doesn't exist. All value must be subjective, because it is valued by the person seeking to satisfy their demand.
You would have quite a bit of skill and talent to create an army of Warhammer miniatures, in accurate detail and color. But it's value to me is zero because I don't want it. It doesn't matter how much work or skill you put into it, it has no value to me. It may have lots of value to someone else, but that is why it is subjective.
Your labour could effect a thing's value to me only if it changed something about the final good or service as it effects me. If it satisfies more of what I want it may be more valuable. Hell, even if it isn't any more skilled or of higher quality, but is simply faster I may want it more. Or, maybe I want it to be done at a very specific time and or place, and then it's more valuable.
Fundamentally, it doesn't matter what amount of work you actually put into something that gives it value. It only matters if you are doing something that will benefit me.
In fact, if you don't ever sell the thing that you put all that work into... it doesn't have any value beyond sentimental value to you. It's value can't be truly established in reality without someone being willing to actually buy it.