Labour credits

[Redhead]

Labour credits: Yay, or nay?
What are your personal opinions, and your tendency's opinion on this?

[tuwix]

Definitely, no.

It's just money that pretend not to be money. Just fiction for fulfilling a fantasy of elimination of money before the higher phase of communism. But only in the higher phase an elimination of money will be possible due to abundance of goods and services with automation of production.

[ckaihatsu]

It depends on how they're defined -- there are varying conceptualizations of their function.

Here's from a recent thread:





(Note that the ham and yogurt goods themselves would never be 'bought' or 'sold', because the labor credits are only used in regard to labor-*hours* worked, and *not* for exchangeability with any goods, because that would be commodity production.)

This kind of liberated-production assumes that the means of production have been *liberated* and collectivized, so there wouldn't be any need for any kind of finance or capital-based 'ownership' there.





So, no buying or selling of goods / materials, and also no capital, no finance, and no private property. Where's the money? Show me the money! (heh)