Labor theory of value

The labor theory of value claims that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it, rather than by the use or pleasure its owner gets from it (demand) and its scarcity (supply).

The theory was previously more popular than it is now and influenced Karl Marx, becoming fundamental to Communist economic theory and views on claimed exploitation of laborers. Mainstream economics now reject it in favor of a theory of price determined by supply and demand.

This article is not based.
Its weak and faggy. Somebody copied it over from some woke SJW source, and now its namby-pamby wording is gaying up our program.

|Please help FasciPedia by strengthening this article up, get rid of the weak style. It should be written in a professional encyclopedia, style while still retaining the fascist point of view.