- 27 Feb 2014 03:54
#14369184
Capitalists do not work because they do not labor as in, sweeping floors or pumping out code. But they might do things like office work, hiring people and business planning and meeting people and making deals, they just don't do hands on labor.
All laborers have nothing to sell but their labor provides much of the value for the business, therefore laborers should own what they produce.
So an entrepreneur, comes up with an idea, invests in his idea with his own money which he has earned or borrowed or both, hires employees who do not invest money, but simply follow orders and work. The employees work for the employer and get paid a wage while the employer keeps the rest of the money to pay his or herself and to pay the bills for the business, like utilities, interest, accountants, and suppliers.
While the Entrepreneur assumes all the risks because if the business fails, well he or she loses money and potentially property and ultimately is held responsible while the laborer just go finds another job and loses nothing besides a job.
And somehow, the laborers should be owners?
The socialist argument is, the Entrepreneur/Capitalist does not provide any value because often times, the Entrepreneur just, provides the business idea, investment, management, and not do the actual labor - like turning wrenches.
So, socialism is in a nutshell, a fuck you to the Entrepreneur/Capitalist and giving all power to the laborer...
Right?
All laborers have nothing to sell but their labor provides much of the value for the business, therefore laborers should own what they produce.
So an entrepreneur, comes up with an idea, invests in his idea with his own money which he has earned or borrowed or both, hires employees who do not invest money, but simply follow orders and work. The employees work for the employer and get paid a wage while the employer keeps the rest of the money to pay his or herself and to pay the bills for the business, like utilities, interest, accountants, and suppliers.
While the Entrepreneur assumes all the risks because if the business fails, well he or she loses money and potentially property and ultimately is held responsible while the laborer just go finds another job and loses nothing besides a job.
And somehow, the laborers should be owners?
The socialist argument is, the Entrepreneur/Capitalist does not provide any value because often times, the Entrepreneur just, provides the business idea, investment, management, and not do the actual labor - like turning wrenches.
So, socialism is in a nutshell, a fuck you to the Entrepreneur/Capitalist and giving all power to the laborer...
Right?