Vast-Material4857 t1_irnc7dg wrote
Reply to comment by ValyrianJedi in “Scientific progress is thwarted by the ownership of knowledge.” How Karl Popper’s philosophy of science can overcome clinical corruption. by IAI_Admin
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.
Viewing a single comment thread. View all comments