Just because you don’t agree doesn’t make it any less true. How do you refute it? It’s a basic mathematical truth. It’s literally impossible for a capitalist to pay you the value you brought them, without them going broke.
Hold up, I thought we were talking about the state running things?
Why?
Of course everything has a central authority; this includes unions, churches, and corporations.
What do you mean, “of course”?
Though, we certainly don’t need the state for a black market to run its business.
If there weren’t a state, it would just be a “market”, not a black market. And as I said, black markets are controlled by the most wealthy and powerful in that market. They are the de facto state of the black market.
However, I guess it wouldn’t really be a black market if there wasn’t a state to declare things illegal 🤔.
Exactly, yes.
I absolutely agree with your second half though. The black market is a perfect capitalist example, and I believe it is an inevitable response to state authoritarianism
If you consider regulation authoritarian, sure. Or if you’re referring to the outlawing of drugs, I somewhat agree. Weapons trading is grey at best, though.
Uh, no shit. Economic freedom means not being destitute. Of course that makes you happier than not. What are you trying to prove, here? Do you think economic freedom is synonymous with capitalism, or only possible through it?
Requiring a state to protect private property isn’t “the state running things”. Even right-libertarians concede the necessity of state to uphold private property laws. “The state running shit” would be like… a planned economy.
It’s risky to capture a slave. Are risks always entitled to rewards?
The profit generated by the workers belongs to the workers. They made it. The owner didn’t. They needed the workers to make it. The owners aren’t “providing” the resources - they’re gatekeeping them, so that usage only happens under the condition that it benefits the owner.
Also, to be quite honest, it’s even unfair to the owner. They shouldn’t have to risk it alone. It should be a joint venture from the start. These risks should be undertaken together, with all as co-owners.
People are entitled their basic needs on the basis of being human. And all should have social ownership of the economy in general, with no individual or group having sole ownership and thus being the only ones to profit from it.
The workers do the work, yet the owner is the one who gets the money.
Why?
Of course the wealthiest countries have free markets. Why would that be a coincidence? It’s exactly the mechanism I described, but on a global stage. Wealthy people exploit the poorer to become wealthier. Wealthy countries exploit poorer countries to become even wealthier.
This is a cycle that will only end with one person becoming the owner of everything, or revolution to end it.
That’s less than the 100% they deserve for doing 100% of the work.
Please just acknowledge the fact that it’s mathematically impossible for a wage worker to actually receive what they made. The owner has to pay themselves, after all…
I didn’t say anything about labour theory of value. That’s a whole other discussion. And why in that scenario did we not just work together? Why compete?
Well the labour theory of value is where ‘surplus value’ comes from and is the theoretical underpinning of a lot of your argument.
LTV attacks pricing. Surplus value attacks wages. These are different discussions, dude.
Maybe we were on different sides of the planet or didn’t enjoy working together for many reasons.
You just keep having to fudge this hypothetical to make it make sense, eh?
This was a hypothetical scenario to demonstrate that in this specific scenario the excess profits were the result of deploying capital.
Bruh. Workers working by themselves to earn money for themselves isn’t capitalist exploitation. Who is being employed, here? Wtf are you saying? This isn’t wage labour.
Even in communist societies part of the output that is generated is not wholly due to labour but due to the allocation of capital by the communist regime.
If there is capital, it isn’t communism. If there is a regime, it isn’t communism. Please learn what communism is.
For example in the USSR
This is just too perfect.
Not communism.
the mechanization of labour resulted in standard of living increases because labour without capital is of very low value.
Labour without use is of no value. Did you not know that, and yet you have been talking about the LTV?
Are you about to make a “mud pie” argument?
Capital without labour is also of very low value.
Obviously. It is labour that creates value.
A factory without workers would not work very well at all either.
It wouldn’t work whatsoever.
It’s the combined utilization of all the factors of production (Total factor productivity) that determines how much income can be generated in the economy.
Don’t move the goalposts. I thought we were discussing value, not income?
Do you not know the difference? Is that why you think LTV is relevant to wages, rather than products?
The larger the TFP the higher the wages.
This is not a 1:1 correlation. The wages are determined by the whims of the owner, market forces, and any laws regarding minimums, overtime etc, not any rational calculation.
Economies with free markets have higher total favor productivity as the individual production decisions are dispersed among many business owners and workers rather than centralized in the hands of a bureaucratic elite.
Decisions in fact are managed by a bureaucratic elite. Capitalists. And productivity is a misleading figure, as the vast majority of the wealth created by it is siphoned by those very same capitalists.
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