Drudge Retort: The Other Side of the News

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Thursday, March 16, 2017

Could you last the night in this HORROR HOUSE? More than 24,000 people are lining up for eight hours of schlock and awe at this creepy manor - and no-one's ever gone the distance

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Tuesday, February 07, 2017

Sanitation crews are working hard to dispose of six months' worth of garbage from a community the size of Wahpeton or Valley City. The mountains of debris need to be moved before the spring thaw occurs.

Making a dent in the immense amount of trash being hauled out of the Oceti Sakowin protest camp is being hindered by the weather. All the garbage that was left behind is now frozen into massive chunks of junk.

In a month, all this trash could become toxic.

"Standing Rock Environmental Protection Agency and Dakota Sanitation are working together to try and advert an environmental tragedy," says Tom Doering, Morton County Emergency Manager.

It's estimated it will take 250 trucks filled with litter to clear the camp. read more

Thursday, February 02, 2017

A speech at UC-Berkeley by the tiresome Breitbart News bigot/provocateur Milo Yiannopoulos Wednesday night was cancelled after anti-free speech protesters became violent, throwing fireworks, setting fires and pulling down police barricades. "This is what tolerance looks like at UC Berkeley," said Mike Wright, a member of Berkeley College Republicans, the group that invited Yiannopolous. "It's sad." The protest became violent around 6 p.m. when dozens of masked anarchists emerged from a crowd of peaceful demonstrators who had made the argument that hate speech isn't free speech.


But since we're discussing it, I'll take a moment to get a little wonky. First Marx only addressed the utilitarian value of non-service wealth. Those that required the collaboration of the three factors of production. Land, labor, and capital. And under Marx's reasoning, labor was due the cost of the good, minus the cost of land and capital. Which holds true for most utilitarian, undifferentiated products. But he failed to recognize the value of differentiation.

Here's an example. A textile company manufactures jeans for resale. They offer them up to consumers who are willing to purchase them for their utilitarian value, which means that they basically behave as commodities. People buy them because they need something to cover their legs. Nothing more. But then a market department comes in, establishes a brand image, and gets Miley Cyrus to wear them around town. Now they are a differentiated product. People buy them for the brand image, and are willing to pay a lot more for than bran image.

Under the Marxian construct, the increased revenues brought on by the differentiation would go to the workers involved in the production of the jeans...seamstresses, etc. But they didn't do anything different than when the jeans were a commodity. The increased value of the jeans in a result of the marketing department, which Marx would have rejected outright since they didn't change anything relating to the jeans utilitarian value.

Here's where I get hung up. Marx is quoted as saying that only labor can add to value. That's clearly the case here. I just don't know if he would have been able to honestly attribute the increased value to the marketing team, or stay the line that the additional revenues should go to the workers who had nothing to do with increasing the value of the product.

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