Did you reply to the wrong comment by mistake?
What would that $500 not being “extracted from the value chain” look like?
It would either be passed along the chain or it would not enter the chain.
Seriously, what does “passed along the chain” look like in your example?
Given to the people who create the value.
How is that distinct from the labor theory of value? In your model, who’s creating the value other than the labor?
What would that $500 not being “extracted from the value chain” look like?
It would either be passed along the chain or it would not enter the chain.
Seriously, what does “passed along the chain” look like in your example?
Given to the people who create the value.
How is that distinct from the labor theory of value? In your model, who’s creating the value other than the labor?