So the ten men can all do a tenth of the labor now right?
Oh you’re going to fire nine, cut the tenth’s pay, and make him work even longer hours, and keep the vast majority of the profits for yourself, got it. That’s fine too I guess…
There are a loooot of extra words in there, that seem unnecessary. I’ve read pages and pages now, and it’s just repeating meaningless words without reaching a conclusion. I have no idea what it’s trying to convey.
“I’ve made bought a machine that does the labor of 10 men!”
“You’re going to still pay the other nine, right?”
“Why? I bought it to get more of the money to myself. Why would I pay for something and get nothing in return? Why would I just lose money for no reason?”
Seriously though, the dynamics are pretty clear, there’s no investment without the expectation for extra profit (even for a state. Invest in a new railroad with the expectation of higher economic activity and therefore more taxes). Otherwise it’s just charity
I hope for your sake that when the factory workers can't afford to feed their kids and they drag you from your home and try to beat you to death in front of your family they find that argument compelling.
I’m one of the ten men, I’m just a worker like anyone else here, I can just use the little grey matter I have to try and understand the world and look at it with more objective eyes, instead of killing anyone who disagrees with me.
Fucking fascist pos. If you want to kill families go to Russia or Israel and look at how fun it is.
That’s called a cooperative, they exist. You share both the profits and the risks of the enterprise. Not all enterprises succeed. Also, some of the men need to be the managers, accountants, sales etc. It’s not just about the factory workers.
Otherwise, more indirectly, they could be the shareholders of the company. Some companies even use shares as payment for their managers and top employees in order to encourage them to improve the profits of the company.
Otherwise they could just be both the owners and the only people working at a company. If the machine ends up generating lots of profits, they could all ten decide to retire and live off those profits while hiring an eleventh person to operate the machine, or they could reinvest in the company, buy even more machines, hire more people and bring in even more profits, like a complex game of cookie clicker.
Choose the one you prefer and try making it a reality if you want that.
Mhh yes freedom through capitalism. I love the freedom Apple gives me over their device that I bought but don’t own. Or when Samsung locks devices in mexico because they can and people in mexico dare to buy used phones.
The thing about capitalism is that it DOES promote freedom and innovation. The problem is that continuous innovation is rarely profitable so companies generally won’t bother innovating after a certain point and the text on the reverse side of the freedom coin is “free from consequences”
Capitalism is like… a good start to a much better economic system we haven’t figured out yet.
You’re not at all wrong. The problem is now we’re all so “bought in” (heh) to capitalism, and the power it has established its so entrenched, that the idea of iterating on it has become so close to literal blasphemy as makes no odds.
Unfortunately bankruptcy has been disempowered strongly. There are quite a few types of non-dischargeable debt like court rulings and student loans in the US. Credit Cards are definitely dischargeable but bankruptcy has also been made as painful as possible for working people.
Credit scores, created in the 80s, are required for any type of borrowing. Bankruptcy effectively denies the filer any type of credit or loans that aren't extremely predatory and costly. You effectively have to live 7 years without credit cards, new student loans, auto loans, mortgage, etc. Which, for many people under water might not be different than they live now, sans the credit cards. But in the absence of easy revolving credit, you may still need to borrow money to avoid eviction or your power being cut. In that case, your main option is going to be payday lenders. A service so corrupt and predatory it'd probably be classified as a criminal enterprise in the past.
Well, that's unexpected but I guess CC companies are willing to risk it. Especially if they know that CCs are the only viable option they have and they can offer penalty APRs with little pushback.
I’ve had extended family members declare bankruptcy several times and they’re still approved for a credit card. Whereas I have never missed a credit payment in my life have a hard time getting a line of credit. I don’t get it, the system is broken.
I know someone who has delcared bankruptcy at least twice… each time she was showered with ads for credit cards and auto loans. Apparently the thought process is “this person can’t declare bankruptcy again for x years, so we’re safe.”
...wtf? If a person has declared bankruptsy, sure they can't discharge again but their credit score is so trash they could just ignore creditors. As long as it isn't worth it to take someone to court, they have less incentive to pay.
This meme format is used to express disapproval of the action being described, such as destroying mental health. The image in the comment being downvoted comes across as transphobic, despite the disclaimer at the bottom.
memes
Hot
This magazine is from a federated server and may be incomplete. Browse more on the original instance.