Not My Meme! #824
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So, risking capital on tooling, hiring, providing the factory, that has no value? I'm not saying that there isn't a gross imbalance in which labor is undervalued today - I bend nails for a living, after all. But I do see that profits aren't unearned, just excessive.
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https://archive.org/details/ironhee00lond/page/140/mode/2up
Have you taken the chapter 9 challenge?
What was you answer?
IF you can't dispute the math of that chapter, we can stop talking about crapitalism until you do.
Until it is recognized that trees are capitalists that invest in income producing leaves in the spring, the definition of capitalism is woefully incomplete, and incapable of being rationally discussed. Investing capital to attain a return has nothing whatsoever to do with money. Wealth is not money. Money is a service that facilitates commerce, that can be used to attain and benefit from wealth.
The definitions and understandings of the various political parties and movements are all inadequate to suffice to create just and beneficial society. The facts of our condition are continually advanced through the scientific method that leaves policies of decades ago utterly obsolete and without merit in the circumstances we find ourselves in today.
You didn't answer the question.
I did. I said the question was a gross mischaracterization of capitalism, and thus irrelevant. It's like asking of Justice Scalia 'Did you stop beating your wife yet?'. The question miscasts the issues and thus answering it inaccurately misconstrues them. Trees are capitalists, as I pointed out. How does that question not misconstrue their investments and profits? When you go to a thrift store and buy a $1 hammer so you can pound the nailheads protruding from your old deck, thereby profiting by improving your quality of life without undergoing the expense of replacing the deck that just needed maintenance, how does the question address your capital investment in the hammer?
It's irrelevant to actual capitalism. It's based on a false premise, and further, the writings of a century ago neglect the advances of technology that have utterly changed the landscape of production so that their limits of possibility are completely irrelevant to the day.
First acknowledge that capital investment has nothing to do with money. Then we can discuss what the actual problems are you want to address, because it's not capitalism that causes any problem we face. Capitalism is the only reason life exists. If spiders didn't invest in webs, there'd be no spiders. If fish didn't invest in fins, there'd be no fish. Long before we get to corporations controlling politicians with bribes, a lack of capitalism would have made human beings nonexistent and renders the question about finances utterly moot.