this post was submitted on 09 Jul 2023
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GenZedong
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I fundamentally agree.
There's something to unpick in relation to the LtoV, though. Value is socially necessary labour time. Does this mean that other people in society would still need to want your art for it to have value according to the LtoV? Is this the theoretical basis for what you observe about needing consumers?
what does "socially necessary" mean?
Socially necessary in terms of manual labour pretty much means the average time taken to complete a labour. If the industry standard is that it takes 10 hours to make a coat but you are newbie at it and take 40 hours to make coat, your coat does not have not have more value because you had to invest more time into it. It is used to avoid debunked pitfalls like the mud pie argument.
As art is something which is not mass produced and inturn unique, is it more valuable according to LTV or is it outside the scope of LTV?
For professional artist, deadlines mostly. This don't change in socialism.