Think about it for a minute, dear reader, the workers did all the work that was required to make today perfectly crapitalistic.
The workers in this context also includes the owners. They work to.
They work a lot more hours than 'workers'.
I don't know of any business owner that starts up their own business and doesn't work 70 hours a week...(unpaid)
But that is seldom mentioned.
They mined the minerals, made the goods, and distributed them.
...yes they did- with tools and infrastructure provided by the business owners...
The business owner does not ask them to pay for use of their assets...
Not very many of them received the full value of their labor, they got wages, instead.
Thats to cover the cost of the investment - in advance - by the business owner..
The profits, ie unpaid wages, went, ultimately, to the banksters.
you are confalting free market capitalism with the rigged bullshit central banking system - which is not only totally different, but skews reality.
Crapitalism ( central banks and fiat currency) is the problem, not the mechanics of a free market.
We already agree you are your own property. Ergo the labor you expend is also your own property.
That is decided by voluntary contract (worker employer). Wages.
There is nothing exploitative about it - anymore than the workers exploiting the business owner by using all the investment from someone else (e.g tools and infrastructure).
The issue is with the banking system, not capitalism.
business ownersunderpaid workersMoney doesn't do anything, labor creates things.
Business owners don't do all the work, and you can bet in mining tools the owner is very far removed from the furnace floor.
No, I am not.
When you can tell me how crapitalism escapes the havenots working for less value than they create to the benefit of the haves, you let me know.
In my proposal they can have whatever material crap they want, but they got to get productive, in some form.
I will concede that in a world where we all create our own money, it is going to be near impossible to overcome the headstart that the crapitalust mindwarp has.
Yet, the havenots will still be working while the haves 'supervise'.
hierarchies of competence - meritocracies - are a very real thing - from every organism that left the ocean (and before) and endemic in _every single organism...
Money is just a token. nothing more. The value behind the token can only be valid when the money itself is constant (not fiat/inflationary).
You discount this applying to humans...why?
We are the product of nature. We are natural creatures.
You think we can transcend hierarchy and meritocracy? It's not logical.
Work within reality - what is - rather than try to shape it to fit your own vision, maybe...?
(just sayin')
There is nothing wrong with hierarchies of competence.
(as opposed to hierarchies of dominance, which seems to be the object of your dissent - on which I agree with you 100%, btw)
I agree hierarchies do form naturally, but i dont think they need the power to sstasrsve and turn into the streets whomever they please.
Why do you figure wages are so uniform across regions?
Do you think that is real market forces, or the result of collusion among the haves to stay in power?
What do you have against giving people food and shelter?
Why do you want the power to deny them that?
Owners can be anonymous shareholders who don't contribute any work, but speculate on the ability of the business to generate capital gains for them. While it is true that owners can do some of the work, they utlimately hold the economic privileges that determine how the profits are going to be divided (and how much economic rent is to be collected in the first place). That leaves scope for exploitation, though it doesn't guarantee exploitative behaviour.
I'm fully in favour of people profiting from the work that they do, so long as it doesn't harm others.
shareholder contribute money to a company from the fruits of their labors elsewhere...ie they are contributing work, in the form money from labors in other areas.
(Speculation can lose money, as well as win..)
...and all the capital risk.
They also have that 'privilege', which people seem to forget..
The market (in a free one) decides.
In a non regulated markets - exploitative behavior will soon be punished.
Me too!
happy christmas!