This is a simplified Bohm Bawerk argument “The value of one commodity is to the value of any other, as the labour time necessary for the production of the one is to that necessary for the production of

There are two types of profit: Entrepreneurial profit, the reward for coming up with new ideas and taking risks implementing them, I don't think anyone thinks this type of profit is exploitation. Capitalist

Water is more useful than diamonds so why are diamonds more expensive than water? Surely people would pay more for diamonds than water. This is the diamond and water paradox and I will attempt to answer