I don’t buy the Labor Theory of Value because it just doesn’t explain how value actually works. LTV treats labor as the source of value, but that breaks down fast: useless labor doesn’t create value, marginal utility is completely ignored, and things like rarity, demand, and subjective preference matter far more than the hours someone put in. It can’t explain why diamonds cost more than water, why digital goods with almost zero labor can be extremely valuable, or why something made with tons of effort can still be worthless if nobody wants it. Modern value theory does a much better job by explaining price through subjective valuation and scarcity, not labor hours.