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replied 1940d
Explain this extraction. This will be the failing point of your argument. Explain how value is taken. Where that added value comes from. Who is involved in this value extraction.
replied 1940d
All of the costs are paid for by the product being sold, which pays for all the workers AND all the extra value from profit goes to Capitalist. That's how.
replied 1939d
So would you be fine of workers were not paid for their labour until after the product was sold? When is the price of that product established?
replied 1939d
Not the point, point is that rewards are not proportional to amount of work done. With new tech productivity went up, profits went up, but workers rewards did not go up proportionally.
replied 1939d
Technically the productivity cant go up proportionally since that increase in productivity requires greater investment in the equipment that increases productivity.
replied 1939d
Which means, Capitalist got all the extra rewards, which is exactly why the rich got richer, driving prices up, while workers rewards went in reverse direction in respect to inflation.
replied 1939d
You have a bit of a point in this though. Yes inequality had increased more. Much has changed though. Many jobs today didnt exist before, and many old jobs no longer do exist.
replied 1940d
Value comes from the product being sold, which is produced/assembled/transported/sold by all the workers, not by the Capitalist, then the profit is taken/extracted by Capitalist.
replied 1939d
When is the value of the product being sold agreed upon?
replied 1939d
User gives value to the product same as with bitcoins however propaganda through advertising (actually brainwashing) has effect on that also, making people pay for shit they don't need
replied 1939d
The workers sell their time/labour to the employer. They agree to that value. The employer then sells the product to customers, and they agree on a value.
replied 1939d
If worker is paid the same for same hourly wage & produces more, then either product should be MUCH CHEAPER as it costs way less to make it, or worker should get profits also, but no..
replied 1938d
Yes, the product is cheaper, which allows for the company to make money. This means the company can invest in expanding that company. It is never just piled up for the owner.
replied 1938d
They "can" and "could" but they don't always do that. This is a fact. You & others always assume capitalist will reinvest this capital to make bigger and better things, well they don't
replied 1937d
They always do invest the money. If they dont invest what they have then they lose money to inflation. It may not be invested in the company, but could be in general stocks.
replied 1938d
How exactly do you think some people get to have billions in their short lifespan? Work on their own and earning it from their own work? Come one mate, this is children's fairy tale.
replied 1937d
They earn it. Being worth billions doesnt mean having it in the bank account. That is the value of heir assets and investments. This is why their value can swing so wildly.
replied 1937d
They don't earn it, to earn something means you have to have done all the work yourself, if you've done 1/2 of the work & someone else other 1/2, other person should earn from it also.
replied 1937d
Work is only one issue. What about the initial investment? You dont think the owner should be compensated for what they did? Then no companies will come, and no one will have work.
replied 1937d
Capitalism doesn't work this way at all. It is one sided, it is centralised decision making and have extremely unfair rewards distribution (and few other negative things).
replied 1937d
The reward distribution fairness is not that some. The owner deserves more. Equal distribution is a bad idea. It goes against nature.
replied 1939d
The Capitalist gets more profits even though the amount of work he did is less, not more. You are completely ignorant, you know that, right?
replied 1938d
Many capitalists work harder than you realise. It doesnt have to be physical labour to be work.
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You have this strange idea that the amount of work done is all that matters. You also have this strange idea that people running companies ies dont work. You are disconnected.
replied 1939d
Value depends on each part of this. Worker, employer, customer. The customer values the product. The owner values the money more than the product. The worker values time.
replied 1939d
Yes, but point is the part that capitalist does is tiny to part that workers do. It is completely out of whack as to who does the work and HOW MUCH of it, vs who profits from it.
replied 1938d
So you assume. In some cases it is pare, in some cases it is small. When first starting the capitalist works hardest. After reaching success they work less, as they deserve.
replied 1938d
read what you wrote... "at the beginning" is the key point. It means they should get rewarded for that work (indeed) but not afterwards.
replied 1938d
In Capitalism capitalist continually keeps getting rewards which is no longer for work he's done before, its just because he owns the business. He does less work but get rewards anyway
replied 1937d
The capitalist deserves to work less after all the effort and investment out in to start the company. They worked harder than an employer is allowed to demand of their employees.
replied 1937d
Why should they keep getting rewards when they no longer do any work or do very little of it compared to amount of work done by others? That is not PoW system then, is it?
replied 1937d
Organising the company, being responsible for it all. Having been the initial investor. That is more important than being a worker.
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They own the company. They put in the initial work that got everything going. They hired the workers, and delegated the work. Producing the product is only one type of work.
replied 1937d
If they are successful enough to allow the owner to pay others to have work delegated to them, that is a good thing. Often the capitalist is able to move onto bigger matters to expand.
replied 1937d
Capitalist could get some rewards even if they do no work because they "run the business" but this should be limited in amount & capitalist should not be taking all of the profits.
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The capitalists that "do no work" are mostly a myth, or the owners of old established companies, and the owner themself is old, or one who has inherited the company.
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When the owner doesnt work, the company often fails, or is sold. The profit is a tiny portion quite often. If the owner make 500 times more than you, but employs 50000 people...
replied 1937d
As I said, you and many others are completely ignorant to these facts.
replied 1937d
And why should the owner get rewards which is actually way more than 500x then workers when all of thecpro ffits is created by the wotkers and not the owmer? Thats called EXPLOITATION
replied 1937d
It isn't all created by the workers alone. The owner may not often be in the factory making the product, they are contributing to the profit. You dont know their role so you dismiss it
replied 1937d
Not true at all, thos os what CEOs, directors, managers do, capitalist of big businesses dont do jack shit, they only demand more profitability.
replied 1937d
Not all companies even have that type of setup. Not all companies are on WallStreet. So are you speaking of small to mid level companies differently than multinationals?
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I am talking about SYSTEM that allows all this. Some capitalists are shit some not so shit, some are even good people but system itself doesn't care what capitalist person is like.
replied 1936d
Ah, you almost got back to reality. Some people are good, and some bad. The capitalist system helps make sure the bad ones still contribute to society.
replied 1936d
No you moron, Capitalist system rewards the most those who are the worst people in society! You are such an idiot.
replied 1936d
Who are you to judge who is deserving? The system of capitalism helps the whole of society to improve though. That is an undeniable fact with the support of all the evidence.
replied 1937d
This is why you dont know how to figure out what capitalist system actually is and why its shit system.
replied 1937d
Define who you are talking about when you use the word capitalist. Are you only speaking of investors? Majority share holders? The board? Middle management? This is far to vague.
replied 1937d
Workers who are picking up all of work once business is already established (& capitalist already got his RoE and covered all his costs) should be profiting from their own work also.
replied 1937d
The capitalist is often still working. You dont seem to understand that producing the product only matters if the owners have someone wanting to buy that product.
replied 1937d
Workers should also be included in all decision making so that capitalist can't just move the business to China etc, leaving lives of the workers in shatters & without income any more.
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That is a horrible way to see it all. First most workers fear making decisions. They want a central figurehead to turn to, and to place blame on. One decision maker works best.
replied 1939d
The employees can negotiate wage to some degree, but this depends on how replaceable the worker is. A job anyone can do has less value then a job few can do.
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Point being is, workers do all the work, while the capitalists reap all the exceeds rewards which is exactly why wealth inequality went worse & worse, & this is simply not sustainable.
replied 1939d
The employer competes both in acquiring better worker talent, and at efficiency of product creation. This often comes in wage competition. This is largest where ability is rare.
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To say the capitalist does not work is very ignorant. The employer invests in what makes the workers more productive. This is to compete with the productivity of other employers.
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Capitalism and greed by the capitalist is literally undermining the whole society, such system inherently attracts psychopaths and created sociopaths.
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That greed is natural, and has always been part of humanity. It is a completely separate issue from capitalism. Capitalism helps direct it in a positive way though.
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nature doesn't have materialistic thinking, or money or states, or consumerism, all of which are creations of humans, all of which are part of the brainwashing of the people & society
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Animals fight war for territory. Sometimes raid another's territory to steal from them. Rape, murder, war, theft, lies, all seen in the animal kingdom.
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Actually, depending on the species, you see basic versions of those things in nature. That said, being creations of humans doesnt make them bad things.
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Not at all, greed is not natural at all, nature is BALANCED, you don't see anywhere in nature some animal using others to get more food or something for itself.
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Yes you do see that in nature, because nature is not balanced the way you think it is. Nature is a harsh and brutal competition. Smarter animals use other animals.
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Actually you're wrong. Animals attack other animals, eat them etc, only when they need to eat, they don't kill for fun, they don't consume more than they need.
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When animals hunt together, guess what they do? THEY SHARE THAT FOOD, you don't get some animals hunt while others sit and get the food from them when its caught.
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It is very often not evenly distributed, and that is specific to pack like creatures. You have to consider animals in relation to other species to make a valid point. Not family packs.
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You are so full of shit, its real hard to read your stupid comments, and try to reply to them, as no matter how you're wrong and I prove you wrong, you STILL talk same crap.
replied 1938d
So maybe if you pay more attention, and think things through, you will see your obvious mistakes.