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Value of Wines/Spirits

October 19 2004 at 10:20 PM
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Praxus  (no login)

According to the Marxist Exploitation Theory of which the Labor Theory of Value is a part of it states that labor is source of all value that objects that are sold have. How do you reconcile Marx's theory with the fact that Wines and Spirits gain value after labor has ceased being applied?

An Example:
Ok so labor is applyed and a bottle of wine is produced which if sold at that moment has a value of say $100. Now let's say it stays on the self for 10 years and then has a value of $1,000.

Where did all this value come from?


 

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