https://tankie.tube/videos/watch/b07c71ca-74d5-4be2-8f14-d71d8cb73889 In this video we explore the monetary expression of labor time (MELT), which is an important indicator in capitalist economies. We define MELT and demonstrate how discrepancies in national MELTs can lead to a fundamental imbalance in exchange.Narration, script, and editing by M. Animated intro by Jack, co-host of the Auxiliary Statements podcast @AuxStatements on Twitter. Intro music by Charles Tristan: https://soundcloud.com/charles-tristanPatreon:https://www.patreon.com/themarxistprojectTwitter:https://twitter.com/MarxistProjectWorks Cited: Lin, C. (2023). A Model of the Monetary Expression of Labor Time with Non-commodity Money. Review of Radical Political Economics, 04866134221140542. In addition to the above article, the discussion in this video was inspired by Andrea Ricci's "Value and Unequal Exchange in International Trade" (2019).00:00 - 00:50 Background 00:51 - 01:03 Intro 01:04 - 02:41 Concrete and Abstract Labor 02:42 - 04:14 New Value and Net Product 04:15 - 04:37 Defining MELT 04:48 - 05:39 Gold or Paper Money? 05:40 - 07:31 A Two-Country Global Economy 07:32 - 07:47 Unit Values 07:48 - 10:35 MELT and Unequal ExchangeMusic used: Airport Lounge - Disco Ultralounge by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 licence. https://creativecommons.org/licenses/by/4.0/ Deep State by Vans in Japan Thu, 09 Apr 2026 03:47:34 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/b07c71ca-74d5-4be2-8f14-d71d8cb73889 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.