• EchoCT@lemmy.ml
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    9 months ago

    In the example regarding the brokers look at whos labor they’re profiteering from it’s not their own.

    • MxM111@kbin.social
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      9 months ago

      Are you talking about broker taking commission when buying and selling stock? They provide service of buying/selling and the commission is the service fee. Why is it not their labor?

      • EchoCT@lemmy.ml
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        9 months ago

        Moving fake numbers representative of labor is not in itself labor. It’s extraction of labor value from someone who actually provided something useful to society.

        • MxM111@kbin.social
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          9 months ago

          Moving numbers or information representing anything or nothing is a service processed to the one who purchased the service - to the person or institution that wants to buy or sell stock. Why is it not labour? Do you not count sales person actions in a store as labour?