• J Lou@mastodon.socialOP
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    1 year ago

    More money allows production to use more resources. Even altruists need prices. Prices signal how much people value certain goods, and ensure that the goods’ production get the resources warranted.

    A good’s value is the future rentals’ discounted present value. There is no value-based moral contrast between renting and owning capital (explicitly excluding land)

    Without prices, how do you make resource allocation decisions?

    Prices are not capitalism; some anti-capitalists were in favor of them