Vast-Material4857 t1_irmqg4b wrote
Reply to comment by grandoz039 in “Scientific progress is thwarted by the ownership of knowledge.” How Karl Popper’s philosophy of science can overcome clinical corruption. by IAI_Admin
>That's just arguing about % of share, which is admittedly a real problem in capitalism in general, business/enterprise/etc fields are over compensated, but that doesn't change the fundamentals
The fundamentals that these people are parasites. All the labor they use to accumulate that wealth is delegated. It's not just about percentage, it's the literally 90% of the pie for none of the labor. That's absurd.
>The difference between a serf and this is that this is voluntarily.
That's not true. Coerced consent exists. We do not have an option to NOT participate in capitalism. And btw, the argument that you can just return to anarcho-primitivism instead is asinine.
>And that all happened while capitalism was a thing. No one says only private sector is allowed to invent
That's not the result of capitalism though. That's literal socialism.
>No one says only private sector is allowed to invent.
No. What was said was it's the only reason we've made most of our progress which is patently untrue. Go find /u/valyrianjedi's original comment.
>That's one thing capitalism has going for it, you're free to form co-op, you're free to work in public sector, etc., it's not overly restrictive on following other paradigms.
Have you ever played monopoly? Can you imagine starting the game of Monopoly halfway through? Does that game become more equitable as time passes?
>We do more work as serfs because we want to have and do have more.
No. We work more because things cost more. Obligation to pay and therefore labor has never stopped and has always been backed with the threat of violence. Buying property is buying the rights to a 1/3rd of a family/individual's income. There's a finite amount of land and with a growing population creates a landed elite.
> that this system produces certain solid results and isn't stifling.
Do you understand that capitalism isn't a static concept? It's something that's evolved and changed first through mercantilism and then industrialization and eventually globalization? It's still changing. We are in late stage capitalism and we are now dealing with the inevitability of inflation outpacing wages and concentrations of wealth never seen before in history. None of this is even mentioning what it's done to our planet in just the last few hundred years.
ValyrianJedi t1_irmtcb3 wrote
You're acting like labor is the only thing of value to a company or to the production of something. It isn't. If one buy spends $10 million on factory equipment then hires people to run it, then he has contributed just as much (if not significantly more) than the people working the machines...
And acting like we don't work more than serfs because we have more stuff is just silly. Money basically just allows you to take the product of work in one area and exchange it for the product of work in another area. Serfs had to have food and a shack with no power, water, etc. If that was all we had to pay for today it wouldn't take nearly as much work. If you're working and buying it with money instead of building and farming it yourself, you're basically having to do enough work to exchange with the builders and the farmers for the product of their work... Today you're having to do enough to exchange with the builders, and the farmers, and the power company, and the water company, and the people making your phones, and the people running the cell towers, and the people building cars, and on and on and on... More things consumed or used by definitely requires more work to create.
Vast-Material4857 t1_irn2yaq wrote
>You're acting like labor is the only thing of value to a company or to the production of something.
Precisely. There is dead labor which includes the machines and the factories and the roads, all products of active labor-- live labor. We mix both forms of labor when we produce. We don't need to be privately owned to be productive. If we cooperated it would be magnitudes cheaper.
>It isn't. If one buy spends $10 million on factory equipment then hires people to run it, then he has contributed just as much (if not significantly more) than the people working the machines
Contributing? In what way? The act of paying? That's trivial. Build a house.
>More things consumed or used by definitely requires more work to create.
Are we talking iphones? Having more technology should mean less labor and that according to Keynes.
And besides that the biggest issue is how we are leveraging people to trade hours of their lives and for less and less. Ignore money. Housing is the biggest most important metric for necessities which is burning a bigger hole in people's pockets than the new 80 different types of ketchup. Focus on the relationship between our labor and the way it's relatively valued against those main necessities to see is what's becoming diluted. That trend is not stopping, that's the issue. These are people's lives and we're taking more and more of it away from them for less and less. Food, housing, healthcare are all non-optional expenses and they're getting more and more expensive despite better technology.
And, again, as we established earlier, we've had greater contributions from publicly funded institutions, you can't really attribute every sparkly thing we have today to purely capitalism. We had to fight tooth and nail for s lot of this, even just banking insurance. There was a literal attempted coup against FDR called the business plot.
This system is run by mafiosos. It's horribly ineffecient at distributing resources, it concentrates so much wealth and it's literally posing an existential threat to us. There's no way to justify .001% of the population should have that much power. It's corrupting democracy, science, public health and what are we getting for it? Walmart? McDonalds? It's not science. It's not culture. What more do we have to sacrifice to the Moloch for it to be the 1960s again? 99%?
ValyrianJedi t1_irn4sfi wrote
What do you mean contribute in what way? They literally directly provide the money without which the company can't exist. Acting like capital isn't just as important as labor to a company is either painfully misinformed or just plain silly... And I don't thunk you need me to describe the things we have today that serfs didn't have. Keynesian economics saying that productivity increases with technology doesn't mean that it doesn't still require more labor to create more things...
The more you say the more it sounds like you don't really unset this topic as well as you seem to think you do, and that you're one of those people who thinks that watching some YouTube videos and reading a few articles makes you an economics expert.
Vast-Material4857 t1_irn78vz wrote
>What do you mean contribute in what way? They literally directly provide the money without which the company can't exist. Acting like capital isn't just as important as labor to a company is either painfully misinformed or just plain silly
A company to do what? Produce something? Do you need private ownership to do that? What are these owners exactly providing to everyone? Permission to work? Financial judgement? Do they not have fiduciaries to do that for them? If they have that, what is exactly is the labor of owning if the management of it can outsourced? Please, explain to me how that's worth 90% of the profit?
>Keynesian economics saying that productivity increases with technology doesn't mean that it doesn't still require more labor to create more things
Keynes literally said we would have a 15 hr work week.
>YouTube videos and reading a few articles makes you an economics expert.
What type of economics? We don't operate by one economic theory. All we can do is react and attempt to manage a system that crashes every 7-8 years.
Are you familiar with the philosophy of science? Economics claims to be a science correct so it should be within its purview. You should check out Thomas Kuhn so you could see how politically motivated even our hardest sciences could be. I'd also suggest a history of economics, Michael Hudson has written plenty on this.
Finally, do you not have any answers to my points about capitalism corrupting science, democracy, or public health? Do you believe it's responsible for global warming? Do you even believe in global warming?
ValyrianJedi t1_irn8z4k wrote
You have to just be being purposefully dense at this point. Or a troll. I refuse to believe that someone can make all of these comments that you're making while genuinely trying to argue in good faith... Think that's my cue to stop trying to have a conversation with you.
Vast-Material4857 t1_irnc7dg wrote
Again, i keep asking you questions but you just keep ignoring literally all of them. How exactly are the owners of capital providing 90% equity? Is it permission? Their special blessing? Is it the act of saying, "yes, i well spend my wealth here" that you believe is comparable to the act hard labor?
Secondly, even if you believe the owner's labor is just it's just the act of investing, don't they hire people for that too? So it isn't just that either. Its just the decision to invest at all and not even what to invest in and is that a really that much harder of a decision? Does that require so much brain power to the point it deserves 90% of the pie to you?
What is it? You keep evading this very basic question and ignoring everything and you want to accuse me of engaging in bad faith? What do they do? Even if you believe in "economics" why cant you tell me why Keynes was wrong about the efficiency of technology making it so we have to work less?
You have no answers to any of this. I already know. You're a victim of decades and decades of propaganda. All you can offer is the same talking points people were giving in the 70s except we have the conclusion of those policies already. It didn't work. Keynes was wrong and so was Reagan and so was Clinton.
ValyrianJedi t1_irndod0 wrote
And I have answered the question repeatedly. What they provide is money. If you don't see how that warrants equity then you don't understand what equity is... Labor has nothing to do with it. They aren't providing labor, they are providing capital. They have equity because they bought the equity...
What you are saying is equivalent to "why does the guy who paid to have a house built for his family have all the equity in the house? He didn't do any labor to build it. It should be the construction workers' house."
Vast-Material4857 t1_irnfq7s wrote
So it's just permission. That's it. That's what you believe is equal to ~90% of the work?
>don't understand what equity is... Labor has nothing to do with it.
Equity is value. Who has it? The value of an enterprise is it's productivity. How can you say labor has nothing to do with equity if they're the ones that are creating the productivity that makes it all valuable in the first place? Even the management is labor. That makes no sense.
>What you are saying is equivalent to "why does the guy who paid to have a house built for his family have all the equity in the house? He didn't do any labor to build it. It should be the construction workers' house."
No, it should belong to public which the construction workers would be part of. That's what it means to have public ownership. That's called socialism. It builds houses and creates science.
ValyrianJedi t1_irnglxz wrote
Jesus Christ... No. It isn't. I can't tell if you are being purposefully dense or are genuinely incapable of following, but it's pretty clear that you just plain aren't going to understand at this point, so this is where I stop responding.
Vast-Material4857 t1_irnhfwa wrote
What are you specifically contradicting? My use of the word equity? Me saying labor provides all the value? If it's that one, can you show me how it doesn't and what the owners do that that therefore deserves 90%? You keep ignoring that question.
Vast-Material4857 t1_irnhri2 wrote
Equity is the value you have of something, the share of it. Am I wrong on that? I don't think so.
Vast-Material4857 t1_irniexn wrote
Also, never got an answer as to why Keynes was wrong about that 15 hr work week. Seems like a glaring hole in your "just study economics" argument when you can't be bothered to even recognize the contradictions by those same economists.
A lot of unanswered questions.
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