Theory: Trump ran for president as NBC negotiation tactic but it blew up in his face deathandtaxesmag.com/3004…
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πŸ‘€︎ u/SebagoDaigo
πŸ“…︎ Aug 16 2016
🚨︎ report
[Chris Mannix] Daniel Jacobs, John Ryder are in advanced negotiations to face each other in early 2022, sources told @SInow . Jacobs hasn’t fought since a narrow decision win over Gabe Rosado in November, 2020. Ryder has won two straight since a disputed decision defeat to Callum Smith last year twitter.com/SIChrisMannix…
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πŸ‘€︎ u/sameer1805
πŸ“…︎ Dec 14 2021
🚨︎ report
Can someone please Eli5 Face-negotiation Theory? en.m.wikipedia.org/wiki/F…
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πŸ‘€︎ u/spudral
πŸ“…︎ Mar 15 2017
🚨︎ report
Here's a theory I have on the negotiations between Taliban, Afghan government, and USA, and why the narrative has shifted and why Talibans act the way they do

My theory:

The narrative has shifted so USA can save face and leave the war and have a legitimate reason as to why the Taliban is in power.

The narrative goes like this:

Afghan's didn't want to fight the Taliban. They wanted the Taliban. Afghanistan is a tribal country and a central government would not work. We failed in our attempt to establish a democracy.

The parties in the negotiations were USA, Taliban, and Afghan government.

USA:

  • Their goal was to leave the country but not look like the losers or fools.

Taliban:

  • Their goal was to rule the country and establish a legitimate Islamic Emirate of Afghanistan (a new country).

Afghan government:

  • Corrupt individuals wanting money and to live a good life tired of ruling the country with Talibans constantly attacking them and being a threat.

All three wants little bloodshed because that would look bad on the global stage.

So what could they do so all three can have what they want?

Taliban or whoever pays the Afghan government and leaders so they can flee and live in exile and in the shadows for the rest of their lives with lots of money. USA withdraws. Afghan leaders let the commandos survive by proposing an offer to live by giving up arms. There is no bloodshed. Army is dissolved and Taliban walks into the capital without any violence so it looks like the Afghan people wanted them to rule over Afghanistan all along. Now Biden and propaganda on certain media spreads that says Afghans were cowards or wanted to have the Taliban rule the country. Hopefully USA saved face and they got out of the country. Now since there was no "resistance" against Talibans, the Talibans have press conferences, and act as though they are a legitimate ruler that the people wanted and that they are peaceful. They already changed the flag and got a freakin' Wikipedia page. And they spread propaganda like fire. Afghan government officials (the corrupt ones) also got what they wanted. Money and a good life in exile. Sure, people will talk bad about Ghani for now. But soon he will be forgotten.

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πŸ‘€︎ u/afghan-stan
πŸ“…︎ Aug 18 2021
🚨︎ report
Face-Negotiation Theory

Hello guys, I really did not know where to post this, so I'm trying here - hopefully I can get either an answer to my question or advice as to where I can ask this question.

Okay, so I have a project on a brand/cafΓ© that is a lot like Starbucks (fast delivery, good product, expensive, generally considered "luxury"). However, the vast majority of their customers are teenagers (and specifically girls), so when we asked customers between the age of 20-25, they stated that they felt somewhat "embarrassed" or "shame" when sitting/buying there, while others stated they felt great because it's an expensive, but good, product.

I'd like to apply the Face-Negotiation Theory to describe this sort of thing. If anyone can help me, it would be greatly, greatly appreciated. :)

Best regards

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πŸ‘€︎ u/DickTampon1
πŸ“…︎ Dec 10 2015
🚨︎ report
BREAKING NEWS: Cat face off has lasted for 20 minutes. Negotiations are tense as my cat (brown tabby) does not like making new friends. reddit.com/gallery/rwr1lu
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πŸ‘€︎ u/Radish-person
πŸ“…︎ Jan 05 2022
🚨︎ report
IATSE’s Big Divide: β€œStatus Quo” Studio Deal Roils Membership - After delegates ratified the Basic Agreement β€” despite the popular vote against it β€” the crewmembers union leadership now faces a sizable faction that doesn’t think negotiations went far enough. hollywoodreporter.com/bus…
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πŸ‘€︎ u/chanma50
πŸ“…︎ Nov 17 2021
🚨︎ report
Japanese-US Negotiations and Toolbox Theory

One small thing I hope comes with Toolbox Theory is that the South East Asia conflicts influence the outcome of the 1968 negotiations. Right now Hawaii especially is rng-heavy with little weights either way to influence the outcome.

Repeated failures by US aligned forces should encourage a Dente between the OFN and Japan favorable to Japan. Japan's confidence would be bolstered, albeit the costs of fighting should weigh down upon the Japanese.

Meanwhile, if the US is successful in driving out the Japanese from the Southern Resource Area they fought so hard for, this should make the pre-Hawaii negotiations more likely to succeed in getting US treaty ports back to the US, as the Americans have proven that Japan can't actually hold onto their defensive perimeter.

Hawaii should be more complicated. If Japan lost basically everything in their sphere outside of China/Manchuria (Indonesia, Malaysia, Philippines and possibly Vietnam...which in domino theory would mean Free India-Indochina is in danger), I feel like there would be 2 competing currents in Tokyo. One is doubling down and seeking to preserve the gains of the greatest generation - meaning hold onto Hawaii no matter what the cost. The other is to make peace with the US and ditch the difficult to defend Hawaii across the ocean. I guess different leaders should have different weights for the outcome - arguably the more dovish R-Ds should be more likely to succeed than the hawkish NPP

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πŸ‘€︎ u/bobw123
πŸ“…︎ Jul 25 2021
🚨︎ report
[David Ornstein] Arsenal moving closer to agreement with Brighton for Ben White. BHAFC want guaranteed ~Β£50m, #AFC offering ~Β£45m + Β£5m. Face-to-face talks have taken place & negotiations continue over add-ons, payment structure etc. No other bidders yet twitter.com/David_Ornstei…
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πŸ‘€︎ u/BenjaminDaaly21
πŸ“…︎ Jun 24 2021
🚨︎ report
[Murphy] Re: Smart. He's seeking a max extension (approximately four years, $80 million; same money the team doesn't want to pay Evan Fournier), and still faces a tough negotiation. Celtics are targeting 2022 free agency. twitter.com/Murf56/status…
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πŸ‘€︎ u/SquimJim
πŸ“…︎ Aug 02 2021
🚨︎ report
Hunter Campbell: Face of the guy who lowballs and dress downs fighters like Francis in the negotiation table.
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πŸ‘€︎ u/reubenbatman3
πŸ“…︎ Jun 30 2021
🚨︎ report
[LoΓ―c Tanzi] Kylian Mbappe took note of Real Madrid's decision to halt negotiations at the end of the day in the face of the firmness of the Parisian leaders. The 2018 world champion respects and accepts the decision of Paris Saint-Germain twitter.com/Tanziloic/sta…
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πŸ‘€︎ u/KyKy7
πŸ“…︎ Aug 30 2021
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Church, we must stand pfaithful in the face of conspiracy theories!
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πŸ‘€︎ u/fattycakesfaker
πŸ“…︎ Dec 29 2021
🚨︎ report
[Murphy] Re: Smart. He's seeking a max extension (approximately four years, $80 million; same money the team doesn't want to pay Evan Fournier), and still faces a tough negotiation. Celtics are targeting 2022 free agency. twitter.com/Murf56/status…
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πŸ“…︎ Aug 02 2021
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How has the Marxist theory of money updated in the face of fiat currency?

Hey, had a question on Marx and this subreddit was recommended.

I'm currently working my way through Marx's Capital, and if I'm understanding things right, Marx's theory holds that money is a measure of value. But it is only able to achieve this function because it is itself a commodity, namely gold.

Gold has value because it is a product of labor, and has some socially necessary labor time required in producing it. When gold is introduced to the market by miners, it is bartered away, and from there on works as money, the universal equivalent that everything else compares its own value against, and the form that value takes after other commodities are sold.

But with the rise of fiat currency and the collapse of the Bretton Woods system, it seems hard to argue that the value of money is tied to its socially necessary labor time. There is no greater socially necessary labor time in producing a $1 bill than a $100 bill. And with modern computers, we don't even need to consider the cost of printing the money. It just exists within computer systems.

It seems then like Marxism requires updating in a world of fiat currency. Capitalism has developed in new ways, and new lines of analysis are necessary.

I've poked around a bit, but haven't found anything really substantial or satisfying yet. David Harvey for example writes this in his Companion to Marx's Capital:

>So what relationship exists today between the various paper moneys (e.g., dollars, euros, pesos, yen) and the value of commodities? Though gold still plays an interesting role, it no longer functions as the basis for representing value. The relationship of moneys to socially necessary labor-time, which was problematic even in the case of gold, has become even more remote and elusive. But to say it is hidden, remote and elusive is not to say it does not exist. Turmoil in international currency markets has something to do with differences in material productivity in different national economies. The problematic relationship between the existing money-forms and commodity-values that Marx outlines is still with us and very much open to the line of analysis that he pioneered, even though its contemporary form of appearance is quite different.

I think there is the beginning of an explanation here, but not a substantial one quite yet. While I agree there is some connection between the strength of a currency and the strength of national productivity, simply pointing that out hardly seems to explain

... keep reading on reddit ➑

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πŸ‘€︎ u/JudgeSabo
πŸ“…︎ Jan 27 2022
🚨︎ report
[TNT Sports] Lazio are meeting with River Plate representatives for left-back Fabrizio Angileri, but face competition from Olympique Marseille. Negotiations are progressing at a fairly rapid pace and Angileri would be more than happy to take the next step of his career in Europe. football-italia.net/lazio…
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πŸ‘€︎ u/Weishaupt17
πŸ“…︎ Aug 24 2021
🚨︎ report
Fan Theory: Love’s face is always puckered up because he’s sucking on super salt candy

Also, this was hilarious:

β€œIf you crunch on it you’re gonna get a second surprise”

β€œWhat’s the surprise?”

β€œMore salt”

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πŸ“…︎ Jan 18 2022
🚨︎ report
Tottenham want Danny Ings but face a big hurdle with Southampton extremely reluctantly do business with them. #Saintsfc put off by Levy’s approach to negotiations and tactics used to lure Hojbjerg away last summer. [Jack Rosser] twitter.com/jackrosser_/s…
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πŸ‘€︎ u/onlyhalfpepper
πŸ“…︎ Jul 14 2021
🚨︎ report
Chapter 203. The only time Kanki show respect to someone is General Mou Gou, while the King he show his boot to the face. I really want to know how Mou Gou gain Kanki loyalty & respect. Any theory?
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πŸ‘€︎ u/_9gag
πŸ“…︎ Jan 07 2022
🚨︎ report
Who would you choose as Revice’s new rider? Rider fanboy George, Hikaru Ushijima or a new face either human, Deadman or another race? Your theories pls!
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πŸ‘€︎ u/revice2100
πŸ“…︎ Jan 15 2022
🚨︎ report
Who Are All These New Faces: Name Checking Season 2 + Theories

Hey folks, I’m probably the last person who should be doing this post, but it turns out anyone can google things, and write a poorly researched reddit post, so here goes.

In the first two episodes of season, this show has dropped at least 6 new names from the greater Superman mythos. What could this possibly have to do with the Monster in the mines? In a post no one asked for, I breakdown the name checks and try to figure out what it means.

Note: I have taken to using the term S&L-verse or Superman & Lois-verse throughout this post. While S&L is kind of sort of part of the Arrowverse, it is clear from both what we have seen on screen and a recent podcast interview with Helbing that S&L has been given carte blanche (to an extent) to tell stories that are not necessarily consistent with the continuity of the rest of the Arrowverse.

Mitch Anderson (1) and his Supermen of America (2)

Mitch Anderson

Also Known As (in the comics) : Outburst

First Comic Book appearance: 1992 (Death/ Reign/ Return arc)

Superpowers (in the comics): Magnetic Powers

Supermen of America

First introduced: 1999

Theories and Analysis: Mitch Anderson is someone to be watched. He comes with a comic book name, but like many thing is the Superman & Lois- Verse, he is already different than previous iterations of his character. As far as I can tell, Mitch Anderson has never been affiliated with the DoD in the past. In so many ways, he is both a composite character, incorporating all of the things military contacts Superman and the other heroes have had over the years and someone who has been reinvented to fit the needs to the show which is completely on brand for the show. Mitch Anderson, as a comics character, brings two things to the table that we saw in a limited way last season. He has both a secret identity, Outburst, and he canonically has powers. Take note of this, because this is a theme, I’ll summarize at the bottom.

To go along with this is the Supermen of America, Mitch is the leader of the Supermen of America in both the comics and the S&L- Verse. The Supermen of America are particularly interesting because we still have so many questions about their origins. Tag is only character who we know exactly where his powers came from. He got his when Jordan let out a blast of heat vision at the mine

... keep reading on reddit ➑

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πŸ‘€︎ u/BookGirlBoston
πŸ“…︎ Jan 21 2022
🚨︎ report
[Theory] What if the emotionless faces and telegraphed movements in the intro are hinting that in the end every character ends up becoming a butterfly?
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πŸ‘€︎ u/YaaaaScience
πŸ“…︎ Jan 21 2022
🚨︎ report
In Security Breach, Why does Baby (In the Blob) have her SL face and not her FNAF 6 Face if SB takes place after FNAF 6? This isn't a theory, I'm just confused reddit.com/gallery/sdz95c
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πŸ‘€︎ u/FoxyPlushie10
πŸ“…︎ Jan 27 2022
🚨︎ report
New Theory: her new post surgery face led to her being exposed as a fraud on such a large scale

I've been seeing pics of her pre surgery and even though we dont all agree she was pretty, she looked sort of sweet. I've never seen/heard of her pre-griftmas I'm completely unbiased when I say her face is a true reflection of her character and her old one is...not. No one would have cared if she still had her old face. We'd have brushed it off as some silly basic white girl wanting to be more exotic before reading more of the details. Alec has a (probably made up by his family) fake irish ancestry too, who cares. The new instagram template face with the stupid raised eyebrows is what made me want to know more. It sort of screams 'I'm a Fake' and gets you interested in just how fake and made up her backstory is. It makes me angry for reason lol. There's this weird smugness I can't stand. It's intriguing in a way her old face is not. She's really not important enough for so many people to know about her.

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πŸ‘€︎ u/spazzadourx
πŸ“…︎ Jan 15 2022
🚨︎ report
stressed PI cutie looking for hot scholarship negotiation theories

please help me figure out what to do! wait?? email?? call?? cry??

17low, 3.7mid and dead-set on PI. not sure where I want to be, but have family in NY. Berk and NYU are my current top. here are my offers (measured by tuition not COA, b/c it makes me feel better):

USC $$$
Fordham $$+
BU $$
Michigan $$ (Dean's so can't negotiate higher)
Vanderbilt < $$
Berkeley ???
NYU ???
Northwestern ???

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πŸ‘€︎ u/beware-the-claw
πŸ“…︎ Mar 08 2021
🚨︎ report
The Senators brass met with agents Don Meehan and Craig Oster on Tuesday in Belleville…a face to face meeting encouraged by Dorion that helped move the negotiation forward. twitter.com/DarrenDreger/…
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πŸ‘€︎ u/homicidal_penguin
πŸ“…︎ Oct 14 2021
🚨︎ report
Why do I keep doing game theory over scholarship negotiation
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πŸ‘€︎ u/PostNaGiggles
πŸ“…︎ Dec 24 2020
🚨︎ report
CES Theory: Gamestop team at CES aren't just there to vlog. They are there to Find, Review, Negotiate, and Announce new products that will fill up the new distribution centers and GameStop store shelves. I think there is way more to hype coming from CES than just the new NFT marketplace.
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πŸ‘€︎ u/guerrilla32
πŸ“…︎ Jan 05 2022
🚨︎ report
Schools face parents who want to ban critical race theory β€” and don't get how teaching works nbcnews.com/think/opinion…
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πŸ‘€︎ u/WarWolf343
πŸ“…︎ Nov 19 2021
🚨︎ report
[FS][US] Bottega Veneta Mini Loop Bag in Black from Jing Factory, Theory Camel Belted Coat in Double-Face Wool-Cashmere Size Small, Grey Market Vince Sandals Size 7/37, Stuart Weitzman NearlyNude Heels in Black and Size 38,

Photos of all the items here.

# Bottega Veneta Mini Loop Bag in Black from Jing Factory SOLD

~~* Source: Anna

  • Original price: $220 shipped
  • Selling price: $210 shipped
  • Shipping: via USPS full packaging
  • Condition: New; never used!
  • Quality: Leather is very soft and great quality. I wanted to like the intrecciato leather design and get something from New Bottega but it is not for me so selling it.
  • Auth~~

Grey Market Vince Marli Sandals in Lychee Size 7/37

  • Source: Taobao
  • Original price: $70 shipped
  • Selling price: $65 shipped
  • Shipping: via USPS; full packaging
  • Condition: New; never used! Please note in the pictures that there is a defect (small nicks).
  • Quality: I believe this is grey market and comes with a dust bag (and a beat up branded box). Great leather quality.
  • Auth

Stuart Weitzman NearlyNude Heels in Black or Nude Suede Size 38

  • Source: Fisherman
  • Original price: $230 shipped for both
  • Selling price: $115 shipped each or both for $220 shipped
  • Shipping: via USPS; comes with dust bag
  • Condition: New; never used! Is slightly loose on my 7/7.5 feet so rehoming them.
  • Quality: Great quality, the suede is luxurious and color looks accurate to authentic.
  • [Auth](https://www.stuar
... keep reading on reddit ➑

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πŸ‘€︎ u/celinecollector
πŸ“…︎ Jan 18 2022
🚨︎ report
Theory Eleven- The Beatles Playing Cards. All face cards are referencing a song. Can someone help identify the references.
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πŸ‘€︎ u/poopieboi3556
πŸ“…︎ Dec 25 2021
🚨︎ report
It's most likely just my confirmation bias talking, in combination with same-face syndrome from Kawakami-sensei, but they kinda have the same smiling expression. Another piece for one of my favorite theories about this series. That Shizue is the reincarnation of Lucia, Milim's mother.
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πŸ‘€︎ u/Fukei_Mono
πŸ“…︎ Dec 08 2021
🚨︎ report
Iloilo City Mayor Jerry TreΓ±as maintains his decision of suspending the face shield rule after pres’l spox Harry Roque asserts the national government’s β€œcontrol” over the policy: β€œRoque came up with the theory that all LGUs must follow the chain of command.”
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πŸ‘€︎ u/boringduckling
πŸ“…︎ Nov 10 2021
🚨︎ report
The Face-Changing (ε˜θ„Έ) Yun Jin Concept Theory

This post is just a theory, it is not refer from any leaks and simply derived from visual clues from the drip marketing from genshin Impact Twitter. Now that's out of the way, let's move on to the part of this theory.

What is face-changing or Bian Lian (ε˜θ„Έ), it is a performance art that is play on Sichuan Opera where the performer wear bright coloured clothing and move in fast pace to the music, performing their signature move of switching "faces" or mask. The image below show a Bian Lian actor. Here is a video of face-changing (https://www.youtube.com/watch?v=YLNn_tT7Jy8).

https://preview.redd.it/lhpwk9uyy8181.png?width=275&format=png&auto=webp&s=3c07cba039f9d44abd3fc6a0a3be73f1fc559ec4

Now, with the information given to us by Genshin twitter, Yun Jin work as the director of Yun-Han Opera Troupe. Moreover, Yun Jin headgear closely resemble that of a sichuan opera actor headgear in the image above.

Yun Jin, Geo Vision

Furthermore, her pose, imitate that of the real-life sichuan performer poses as shown below as well. These poses are usually done with emphasis on the movement of the hands, and the stance are made to be rigid yet give off a elegant vibe to it (I dont know how to describe this correctly). Here's a video on some sichuan opera performances. https://www.youtube.com/watch?v=xajGerJ6VsI

Now let's get to the meat and potato of this theory, how is Yun Jin do "face-changing" and why is it relevant to the gameplay? Up until now, we have units that uses EM for reaction-based attack, but most of them are from the pyro, cryo, hydro, anemo and dare i say, electro element. EM on geo are usually not recommended as EM only improved crystallize reaction in which producing higher hp crystallize shielding. Furthermore, crystallize are usually not essential as we have units like Zhongli or Noelle that specialize in provide big bulky shield. So, why is Yun Jin, a Geo vision holder is carrying a dragon's bane, an EM sub-stat weapon. My theory suggest that Yun Jin may potentially be a EM-based elemental boosting characters such as Sucrose or Kuzaha, and usually to boost certain elemental character, elemental absorption is what came in mind. Yun Jin can potentially change her elements via elemental absorption and

... keep reading on reddit ➑

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πŸ‘€︎ u/KennynotRogers
πŸ“…︎ Nov 23 2021
🚨︎ report
Riddler's face (theory)

think at this point we all suspect there has to be a reason we haven't seen the riddler's face yet. The common theory is that he has some type of deformity/scarring and I agree with this idea.

Now, who do we know in Gotham with a deformity/scarring? Oswald Cobblepot. Oswald's scarring has a depressed/tight appearance instead of a raised appearance like most scars. The 2 main types of scars with depressed appearances are atrophic scars and contracture scars.

Atrophic scars give off a depressed appearance and are caused by chickenpox/acne. However, Contracture scars give off a depressed appearance as well, but also a tightened appearance, which are both details Oswald's scarring features. Unlike atrophic scars though, contracture scars develop after a severe burn.

Now, while I personally have a little trouble seeing it, I've seen some say Oswald's scarring seems to resemble a penguins beak, hence why he's gotten the nickname. We know thanks to trailer 2/3 and the BTS video that batman will track down and interrogate Oswald specifically, which leads me to believe he will have some info Batman wants on Edward/riddler.

My theory is that Edward and Oswald both grew up in the same orphanage and they were tortured by their caregivers, particularly with a hot knife/blade. Riddler will have a personal scar himself that resembles a question mark but it won't be too tacky or in your face just like Oswald's isn't.

πŸ‘︎ 5
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πŸ‘€︎ u/BarryAllen899
πŸ“…︎ Jan 25 2022
🚨︎ report
Theory, So we can see that when mag agent torture dies in a game I think, you can see that he has eyes beneath his skin so grunts have eyes,but then you look at scrape face but we never see his eyes in his chamber, so I’m wondering if all grunts have eyes or is just mag agents that has eyes.
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πŸ‘€︎ u/MtnDewSpecial
πŸ“…︎ Jan 04 2022
🚨︎ report
Inspired by Yes Theory, I decided to really seek discomfort and face my fear of initiating conversation with strangers. I can see why they get such a kick out of doing it. youtu.be/1tKO05H3eYw
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πŸ‘€︎ u/benedictGIII
πŸ“…︎ Jan 24 2022
🚨︎ report
[MD] If nothing goes wrong, Eric GarcΓ­a will be a Barca player next season. The BarΓ§a club and the player’s agent face the final stretch of the negotiations and optimism grows on both sides twitter.com/mundodeportiv…
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πŸ‘€︎ u/ReddyNaiduYadav
πŸ“…︎ Apr 26 2021
🚨︎ report
Minnesota school board elections face a coordinated push by critics of Critical Race Theory, vaccines and masks theuptake.org/2021/11/01/…
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πŸ“…︎ Nov 02 2021
🚨︎ report
Major UN biodiversity summit delayed for third time due to pandemic: Cop15 negotiations to set this decade’s targets on nature to be split into two, with face-to-face meetings delayed until 2022 theguardian.com/environme…
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πŸ‘€︎ u/HenryCorp
πŸ“…︎ Aug 21 2021
🚨︎ report
THEORY: Could canon Plagueis be the original normal face Snoke? "Snoke was an artificially created strandcast genetically engineered on the hidden Sith planet of Exegol by Sidious and the Sith Eternal sometime prior his first demise at the Battle of Endor in 4 ABY".
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πŸ‘€︎ u/valosdm
πŸ“…︎ Oct 18 2021
🚨︎ report
"No more endless β€œnegotiations.” No more hiding behind closed doors. It is time for the U.S. Senate to vote on some of the most important issues facing the working families of this country. https://t.co/KKCz185ZS5" - Bernie Sanders on Twitter twitter.com/BernieSanders…
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πŸ‘€︎ u/BernMod
πŸ“…︎ Jan 27 2022
🚨︎ report
Bit Of A Random One But i have convinced undertaker out of retirement and don't know who to have him face two people in mind is austin theory or bobby lashley if you have and other suggestions please let me know (march 2022)
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πŸ‘€︎ u/Burnzy_Boy
πŸ“…︎ Dec 30 2021
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What’s your theory about the Faces in Trees?
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πŸ‘€︎ u/rudekeith
πŸ“…︎ Nov 04 2021
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How has the Marxist theory of money updated in the face of fiat currency?

I'm currently working my way through Marx's Capital, and if I'm understanding things right, Marx's theory holds that money is a measure of value. But it is only able to achieve this function because it is itself a commodity, namely gold.

Gold has value because it is a product of labor, and has some socially necessary labor time required in producing it. When gold is introduced to the market by miners, it is bartered away, and from there on works as money, the universal equivalent that everything else compares its own value against, and the form that value takes after other commodities are sold.

But with the rise of fiat currency and the collapse of the Bretton Woods system, it seems hard to argue that the value of money is tied to its socially necessary labor time. There is no greater socially necessary labor time in producing a $1 bill than a $100 bill. And with modern computers, we don't even need to consider the cost of printing the money. It just exists within computer systems.

It seems then like Marxism requires updating in a world of fiat currency. Capitalism has developed in new ways, and new lines of analysis are necessary.

I've poked around a bit, but haven't found anything really substantial or satisfying yet. David Harvey for example writes this in his Companion to Marx's Capital:

>So what relationship exists today between the various paper moneys (e.g., dollars, euros, pesos, yen) and the value of commodities? Though gold still plays an interesting role, it no longer functions as the basis for representing value. The relationship of moneys to socially necessary labor-time, which was problematic even in the case of gold, has become even more remote and elusive. But to say it is hidden, remote and elusive is not to say it does not exist. Turmoil in international currency markets has something to do with differences in material productivity in different national economies. The problematic relationship between the existing money-forms and commodity-values that Marx outlines is still with us and very much open to the line of analysis that he pioneered, even though its contemporary form of appearance is quite different.

I think there is the beginning of an explanation here, but not a substantial one quite yet. While I agree there is some connection between the strength of a currency and the strength of national productivity, simply pointing that out hardly seems to explain how fiat currency can operate as a measure of value.

It's been s

... keep reading on reddit ➑

πŸ‘︎ 17
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πŸ‘€︎ u/JudgeSabo
πŸ“…︎ Jan 27 2022
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How has the Marxist theory of money updated in the face of fiat currency?

I'm currently working my way through Marx's Capital, and if I'm understanding things right, Marx's theory holds that money is a measure of value. But it is only able to achieve this function because it is itself a commodity, namely gold.

Gold has value because it is a product of labor, and has some socially necessary labor time required in producing it. When gold is introduced to the market by miners, it is bartered away, and from there on works as money, the universal equivalent that everything else compares its own value against, and the form that value takes after other commodities are sold.

But with the rise of fiat currency and the collapse of the Bretton Woods system, it seems hard to argue that the value of money is tied to its socially necessary labor time. There is no greater socially necessary labor time in producing a $1 bill than a $100 bill. And with modern computers, we don't even need to consider the cost of printing the money. It just exists within computer systems.

It seems then like Marxism requires updating in a world of fiat currency. Capitalism has developed in new ways, and new lines of analysis are necessary.

I've poked around a bit, but haven't found anything really substantial or satisfying yet. David Harvey for example writes this in his Companion to Marx's Capital:

>So what relationship exists today between the various paper moneys (e.g., dollars, euros, pesos, yen) and the value of commodities? Though gold still plays an interesting role, it no longer functions as the basis for representing value. The relationship of moneys to socially necessary labor-time, which was problematic even in the case of gold, has become even more remote and elusive. But to say it is hidden, remote and elusive is not to say it does not exist. Turmoil in international currency markets has something to do with differences in material productivity in different national economies. The problematic relationship between the existing money-forms and commodity-values that Marx outlines is still with us and very much open to the line of analysis that he pioneered, even though its contemporary form of appearance is quite different.

I think there is the beginning of an explanation here, but not a substantial one quite yet. While I agree there is some connection between the strength of a currency and the strength of national productivity, simply pointing that out hardly seems to explain how fiat currency can operate as a measure of value.

It's been s

... keep reading on reddit ➑

πŸ‘︎ 14
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πŸ‘€︎ u/JudgeSabo
πŸ“…︎ Jan 26 2022
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