- Capitalism and Alternatives -

Re: It is

Posted by: Brian B. ( Whether Beaten?, UK ) on October 03, 1997 at 15:28:55:

In Reply to: It is posted by Jarrett on October 01, 1997 at 14:28:11:

: : : You still have not answered my question, "How can you earn money at someone else's expense?"
: : : Maybe you do not know the general meaning of the word "earn". When you earn something, it is not theft, but merely a reward for your labor.

: : I'm sorry, I thought you wanted to discuss the effects of the capitalist system. It appears that's not your subject at all. The above question appears to be a matter of explaining the procedure of wage labor. It's easy to answer: if someone pays you for your labor, it's at "their expense." Question asked, question answered, case closed.

: Ah, a good point you have. It is "their expense" when "they" pay you, but do "they" not benefit from your labor? "Their expense" is meant to equal out the situation when "they" benefit from your labor. So, in a sense, there is no real expense to either party but, in my opinion, a gain. I strongly suggest that you carefully regard this link.

Had a look at the 'capitalism' page. It reminded me of ballet. So elegant, simple and flowing but with little relevance to everyday living.

RE: Samuel's LOST MESSAGE
The concept that Samuel is talking about is called 'excess value'. Simply it says that the majority of a firms profit comes about by the employee adding more value than they are compensated for. Where else does that value come from?

The commodity/ stock/ money markets are so heavily traded on that it's very difficult to buy something that's obviously undervalued and then immediately sell it at a profit without adding any value yourself.

The easiest way to make money for yourself is to squeeze your employees for as much as you can. And in todays global market the easiest way to do that is to base your labour intensive manufacturing in a third-world country. Simple economics. Capitalism's so easy. No wonder these guys want the system to stay this way.

Bye
Bri



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