this post was submitted on 08 Feb 2024
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the origin of the idea is that since you can no longer simply go exchange your money for its equivalence in actually valuable metals, you can't expect prices to be based on the value of their material components and labour any more. Money is no longer a promisory note for gold. Admittedly, that logic is a little iffy, and yet the threat has come true:
the more updated version of that is to simply go to any big store and look at the prices - say, $65 for a DVI to HDMI signal converter - and see that price has been divorced from the real value of products in favor of capitalist bullshit like artificial scarcity and the total enshittification of society, which i daresay has already been achieved.