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re: The Structure of Capitalism...

Posted on 11/16/22 at 8:09 pm to
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68930 posts
Posted on 11/16/22 at 8:09 pm to


I went and picked up some Thai food and they had a sign saying hiring server and kitchen staff.

This post was edited on 11/16/22 at 8:10 pm
Posted by Willie Stroker
Member since Sep 2008
12981 posts
Posted on 11/16/22 at 8:14 pm to
quote:

If you have a job, your boss HAS to pay you less than the value you make for them. If they don't, they go out of business. It's the way that system of organizing an economy functions.

You’ve got a singular focus. A job pays whatever it takes to retain the most profitable talent. If the person thinks their labor is worth more, they are free to test that theory.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167506 posts
Posted on 11/16/22 at 8:18 pm to
quote:

... is ripping you off. Richard Wolff explains below (30:15-44:00 mins).

LINK

Capitalism means you get paid less than you're worth and contribute - the rest goes to the bosses. Smash capitalism!!






Posted by Willie Stroker
Member since Sep 2008
12981 posts
Posted on 11/16/22 at 8:27 pm to
quote:

The highest paid often do the LEAST. The workers on the front lines bust their butt, managers do less make more, owner does the least, makes the most.

Kid, when you grow up and get some real world experience, you’ll learn that the value of labor is more than just the value of doing busy work or sweating. Somebody has to think, plan, forecast, and make the meaningful decisions that create and maintain efficient practices. That person may not look busy to dullards. But that person has probably worked their way into a position of responsibility.

And kid, you’d better believe that the higher up you go in an organization, the more hours you are putting in. There are very few exceptions to this.
Posted by Bass Tiger
Member since Oct 2014
46351 posts
Posted on 11/16/22 at 8:30 pm to
quote:

He can't define either type of economic system. We don't have free market capitalism, it's mixed economy with technocratic organization.


We’re a full on Corporatocracy.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48329 posts
Posted on 11/16/22 at 8:34 pm to
quote:

The workers should own the means of production and split the profits together.


What happens when one worker decides he no longer wants to cooperate and strikes out on his own?

Since you don’t believe in a state, how will you force compliance with your scheme?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423392 posts
Posted on 11/16/22 at 8:36 pm to
You need to read more theory. I'm not going to do it for you.
Posted by Willie Stroker
Member since Sep 2008
12981 posts
Posted on 11/16/22 at 8:37 pm to
You could probably use a dose of Thomas Sowell,

quote:

No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.

What do the poor most need? They need to stop being poor. And how can that be done, on a mass scale, except by an economy that creates vastly more wealth? Yet the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 11/16/22 at 9:04 pm to
quote:

All the things you warn about with socialism are happening in capitalism.
and in socialism crash the entirety of the economy INVARIABLY failing miserably making worse impression by vast amounts compared to capitalism.

You are full of schidt and don't truly understand the first bit of what you spew here and the communist in the video - it is explicitly why it always fails and creates wretched misery.

Capitalism creates its own balance in all of the subject areas - socialism is full of ridiculous smartass morons who are every bit as stupid as most morons
This post was edited on 11/16/22 at 9:05 pm
Posted by WildManGoose
Member since Nov 2005
4568 posts
Posted on 11/16/22 at 9:06 pm to
quote:

workers should own the means of production and split the profits together
Who pays to build the means of production?
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 11/16/22 at 9:08 pm to
quote:

Smash capitalism!!


SMASH MORON SOCIALISTS
Posted by UtahCajun
Member since Jul 2021
494 posts
Posted on 11/16/22 at 9:16 pm to
quote:

All the things you warn about with socialism are happening in capitalism. 'Socialist' programs are the most functional and have the highest approval in this country


I find it somewhat amusing that every time the failures of places like USSR, Romania, North Korea and Venezuela are brought up, communists will always say "That isn't communism dude. Those were state capitalism"

Now I see a self-described anarcho-communist lauding programs that are indeed state capitalism.

State capitalism...when the state owns all the capital (all means of production). Are you, as an anarcho-communist really bragging about this?

Also want to point out that workers unions are a socialist/communist idea. My employer makes <2% profit from me. Meanwhile a union would take more than that in dues. Seems to me, communism/socialism takes more of my labor than the capitalist.

Edit: also point out that these programs are popular just by the nature of "free something". De Tocqueville warned of these. Said gifts from the public coffers would be our downfall.
This post was edited on 11/16/22 at 9:20 pm
Posted by WizardSleeve
Louisiana
Member since Sep 2011
1802 posts
Posted on 11/16/22 at 9:19 pm to
quote:

Are you saying capitalism has been proven to 'work'? What exactly works about it?


You typed that on an iPhone

Without free market capitalism there is no innovation or improvement in all aspects of life. Profit motive drives creation of everything you probably enjoy in your life. In a socialist society the safety net is large but there is no joy and misery is equal. Look no further than the way of life in communist Russia compared to the wealth and high standard of living of America and the capitalist west during the same period.
This post was edited on 11/16/22 at 9:20 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57383 posts
Posted on 11/16/22 at 10:11 pm to

quote:

Capitalism means you get paid less than you're worth and contribute - the rest goes to the bosses.
yah, that never happens under socialism.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89619 posts
Posted on 11/16/22 at 10:25 pm to
quote:

Capitalism means you get paid less than you're worth and contribute


Does it though? Or does capitalism price your labor just about right? Through a series of voluntary transactions that both parties agree to.

What's your way, commie? Communism? Well, that works except everywhere it has been tried.

Capitalism? Has lifted billions out of poverty (with the help of coal, of course). Communism? The death toll is well into the 9 figures now.

Shared misery is still miserable. Perceived relative deprivation, while perfectly natural and hard-wired, is still that - merely a perception.
Posted by AbramsTankBrigades
Madison
Member since Nov 2022
98 posts
Posted on 11/16/22 at 10:39 pm to
quote:

stout


Ironic coming from the communist
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12812 posts
Posted on 11/16/22 at 10:48 pm to
quote:

Nearly all important innovation of the last century was from research funded by the state. Microchips, computers generally, telecommunications satellites, etc


Swing and a miss.
Posted by Pechon
unperson
Member since Oct 2011
7748 posts
Posted on 11/17/22 at 5:04 am to
quote:

Who pays to build the means of production?


I know right? Does this guy realize that most business owners don't even get to pay themselves the first few years of operating a business? Again, he doesn't understand things like cost of goods sold, the difference between revenue and profit, or many companies operate at a loss before they ever make a profit.

In the tech industry most of the money is new money. Those billionaires gave people like me and thousands of many others opportunity. Sure I may not care for the politics of people like Gates or Bezos but their companies hire and pay well. As a result, I found a something that works for me as well as many others have. There's a reason why there are people who interview for FAANG (Facebook, Apple, Amazon, Netflix, Google) companies and why their interview process are well known. There's already a cottage industry created around this with former HR and career coaches selling services to help new graduates ace these interviews. Look at that, capitalism at work.

My last employer, a software company, had 100% health coverage. No deductibles, no co-pays, not even a monthly premium. Why did the company do that? Because they want to hire the best and keep the best.

I'm just a guy who was a nerdy kid from some podunk town in Louisiana that lives significantly better at my age than my father ever did. As a result, my son can have better opportunities than I had at his age. Capitalism did that.
Posted by UtahCajun
Member since Jul 2021
494 posts
Posted on 11/17/22 at 6:47 am to
quote:

The workers should own the means of production and split the profits together


That right there is the exact reason the former Yugoslavia fell. Worker strikes in the 70's kept businesses from taking the profits and investing them into modernization and renovation. They buckled under the strain, poverty became rampant and led to the country breaking apart which led to a bloody war.

What you want leads to extreme hardships. It has every time.
Posted by UtahCajun
Member since Jul 2021
494 posts
Posted on 11/17/22 at 6:52 am to
quote:

 I believe everything should be voluntary associations


No you do not. That would be the beliefs of people such as Lysander Spooner. An anarcho-communist would not believe in anything he taught. Communism must coerce others in order to exist. Voluntaryism is about zero coercion.
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