- 29 Jan 2014 15:59
#14358712
That's fair. I should have said they have little value for society as a whole, in the context of being useful.
Actually from an employer's standpoint you want a surplus of workers because you can get away with paying them less. I don't care what mainstream economists say. They're the ones who we've been listening to to try and fix the economy and all that's happened is we created another bubble. As for healthcare, if the corporations get replaced by single payer they will lose cash. And corporations do have magic powers, its called capital, and they can do just about anything with it if they wanted to.
BATIK wrote:The whole notion of value is subjective.
That's fair. I should have said they have little value for society as a whole, in the context of being useful.
BATIK wrote:Not really. High unemployment is bad for an economy as it is under-utilizing skills that could be used to increase efficiency, therefore the economy is producing within its PPF. I've never heard a mainstream economist say the contrary. Same with lack of healthcare, lost production due to sick workers costs an economy billions. Corporations don't have magic power to get rid of these problems, they're providing a good or service and that's all.
Actually from an employer's standpoint you want a surplus of workers because you can get away with paying them less. I don't care what mainstream economists say. They're the ones who we've been listening to to try and fix the economy and all that's happened is we created another bubble. As for healthcare, if the corporations get replaced by single payer they will lose cash. And corporations do have magic powers, its called capital, and they can do just about anything with it if they wanted to.