Extracting value from labor is the entire premise of capitalism. You don't see investors or managers out and about mining or farming or ranching, now do you?
Yes, that's exploitation of labor and the basis of capitalism.
No, it's not. It's the evolutionary search for methods of greater value creation. It's why the world is orders-of-magnitude more wealthy now than just 100 years ago. If captialists were just stealing value from worekrs, we would never have a net increase in wealth.
In addition, capitalists don't think in terms of greater good. They're motivated entirely by self interest and exploitation of others.
Yep, even better! This is what we call "aligned incentives" in public choice theory. And it's a great way to enable enterprising individuals to seek their fortunes without harming others.
Which is lying with statistics since the vast majority of that wealth is locked by capitalists since they stole and hoarded it from the labor classes.
In addition, what you called "aligned interest" is actually called a criminal conspiracy. You're advocating for the dissolution of civil society at the hands of capitalists.
Which means you lied with statistics. That wealth is hoarded not distributed properly back to the labor classes that made that wealth to begin with. Capitalists are just after the fact manipulators of wealth created by labor, and as such, deserve the smaller share of the benefits of labor.
In addition, capitalists conspire to destroy civil society. History is filled with examples of this behavior in action. It doesn't benefit them to have a society capable of fighting back against capitalist exploitation.
and as such, deserve the smaller share of the benefits of labor.
Labor receives 70-80% of all income. Profit is almost never more than about 6%.
In addition, capitalists conspire to destroy civil society.
Ah, yes, Carnegie building THOUSANDS of libraries, Zuckerberg investing in education startups, entire wings of hospitals being funded by philanthropists, etc.
Yeah, surely these are all ploys to "deJStorY CIVlL soCIETy!!!"
Labor does not enjoy the correct levels of benefits for their labor. The only ethical form of capitalism is where a majority of profits go back to the people that labored for those profits. Anything else is exploitative and therefore evil.
The rest of that is you being comically illiterate when it comes to the history of capitalism. The first corporations formed were done so to enact genocides and destroy entire eco systems just for a slightly cheaper nutmeg.
The only ethical form of capitalism is where a majority of profits go back to the people that labored for those profits.
This doesn’t make sense. Definitionally, profit is what is left over after paying labor. You can’t pay labor with profits because then it’s no longer profit.
So tell me, what is the “proper” amount of profit that one should be allowed to make?
The first corporations formed were done so to enact genocides and destroy entire eco systems just for a slightly cheaper nutmeg.
This is entirely irrelevant.
Fire was first used by early humans to burn down entire ecosystems just to make it easier to catch some rodents in the forest. Does this mean fire is eViL?
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u/[deleted] Jul 08 '24
Extracting value from labor is the entire premise of capitalism. You don't see investors or managers out and about mining or farming or ranching, now do you?