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Message
re: HRC: "Don't Let Anybody Tell You Businesses & Corporations Create Jobs"
Posted on 10/31/14 at 1:24 pm to Taxing Authority
Posted on 10/31/14 at 1:24 pm to Taxing Authority
quote:
why don't we have full employment?
Resources are allocated to take care of people who don't want to work because the jobs that are available aren't good enough for them. You honestly think you couldn't go find a job as a cashier, general laborer, janitor, or fast food worker?
quote:
They only control a subset of their own resources
Who is "they" ? Somebody controls all available resources. Generally people control their own labor.
quote:
You generally have little control over how your money is utilized. Most instruments like bonds are even worse.
The point isn't whether or not YOU have control. The point is that somebody or some entity does control the money and gets to decide how it is utilized. When you buy a stock you decide that the resources youve accumulated should be put into that stock. Then the company decides on how to spend it.
quote:
Humans aren't capital
Yes we are.
quote:
And not really a resource
Yes we are.
1
Posted on 10/31/14 at 2:41 pm to Asgard Device
quote:I see what you were saying now. I read it differently. (my fault, not yours).
The point isn't whether or not YOU have control. The point is that somebody or some entity does control the money and gets to decide how it is utilized.
quote:No. Not in the fiduciary context. I can't invest a person. A person, in and of themselves have no economic value. Their labor Clearly does have value. But to get another's labor it must be purchased (in most cases). I can't trade them. I can't buy them. I can't sell them. I can't force them to work. Very different from the inanimate nature of capital.
Yes we are.
quote:Again, not in economic terms. Workers are not like raw goods used in production. We cannot mine them. One would not, for example, grow more people to have workers for their factory.
Yes we are.
Not trying to have a semantic argument, but terms can be important for understanding. (See above)
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