display all the ideas for this combination of texts
1 idea
| 19880 | All value depends on the labour involved [Locke] |
| Full Idea: It is labour that puts the difference of value on everything. ...Whatever bread is worth more than acorns, wine than water, that is wholly owing to labour and industry. | |
| From: John Locke (Second Treatise of Government [1690], 040) | |
| A reaction: In capitalism this is nonsense. Supply and demand fix all the values. Locke has slid from labour bestowing ownership to labour bestowing value. No one gets paid on the basis of how hard they work, except on piece rates. |