“For individuals to produce exchange-values, the products they produce must be use-values not to themselves but to other individuals, that is, social use-values.”
Exchange-values are products with prices? Use-values means consumer have a use for them meaning them want them?
“Labour which creates social use-values is social labour,”
This seems to say a product’s value is due to labor. The literature I previously cited disagreed.
“presupposes a social division of labour which forces individuals to rely on the production of society to satisfy their needs.”
Are people putting guns to the heads of laborers, ordering them to obey society, or do the laborers choose to remain in society?
“I do not oppose just laissez-faire Capitalism,”
Why?
“but all forms of Capital accumulation EG the M-C-M accumulation cycle, I oppose the existence of Exchange-value, and as such seek to abolish currency.”
Define “EG the M-C-M accumulation cycle” and exchange value. Does currency and money differ?
“It’s in my class interests.”
You believe you are being exploited by a capitalist system, yet I and others are saying that basis of communism (exploitation tied to the labor theory of value) is wrong.
“This means the working class is going to decide how society post-revolution is set-up and not me, this means what I tell you is going to be as vague as possible so as to remain true.”
Austrian economist Robert P. “Bob” Murphy explained the Austrian view on resource calculation:
The socialist central planners would suffer from a calculation problem, meaning that they couldn’t evaluate whether a given enterprise — such as a car factory or a farm — was making efficient use of society’s scarce resources. Sure, the car factory might be cranking out vehicles that the comrades enjoyed driving. But that alone is not enough to prove that the car factory is economically efficient. For all the planners know, the resources (steel, rubber, labor hours) going into the production of the cars could be diverted into other lines, increasing the production of items that the comrades enjoy even more than the cars.
The market economy solves this problem effortlessly through market prices and the profit-and-loss test. If a car factory is using up resources that consumers would prefer go into alternate sectors, this fact manifests itself objectively when the accountant announces that the car factory is “losing money.” After all, to be unprofitable simply means that the car factory cannot earn enough revenues from its customers in order to pay the prices for resources that other entrepreneurs are able to afford. That is the sense in which consumers are “voting” (through their spending decisions) that the car factory either reform or shut down.
In Mises’s view, the fundamental superiority of the market economy over socialism was not that entrepreneurs happened to be bold innovators, while government bureaucrats were dull yes-men. No, the problem was an institutional one. In the market economy, the factors of production are privately owned, which allows the generation of market prices for every unit of every resource. Thus people in the private sector get immediate and constant feedback on the success or failure of their operations. There is nothing analogous in government, because its “customers” cannot withhold their purchases if they don’t like the “services.”