Comment on Remember Sean Aloysius O'Brien on this auspicious day. Happy Labor Day!
Kolanaki@yiffit.net 1 year agoIf they actually do any labor in those tasks, then yes. Labour doesn’t necessarily mean the bottom level stuff. Management still takes work. Setting up new businesses takes work.
Investment and ownership intrinsically aren’t really labor though. Just owning the company doesn’t add anything of value to anyone. Investing is more like a trade agreement.
smollittlefrog@lemdro.id 1 year ago
Many projects take a long time to become profitable. The workers would starve until then.
Because of that, they need to borrow wealth to be able to keep working on the project until it becomes profitable.
The concept of lending wealth is therefore necessary.
Noone is gonna accept the risk of lending out wealth unless they expect some gain, some profit.
Therefore the workers promise to not only repay the lent wealth but to also pay on top of that, perhaps a share of the project’s profit.
Hence the concept of profitable investment is necessary.
SlikPikker@lemmy.ca 1 year ago
They don’t starve if food production is turned to the goal of feeding humans.
You think entirely too small.
Humans made Capitalism, and we can unmake it.