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replied 2157d
Miners are directly selling their labour. They are much like capitalist entrepreneurs in this. There is even competition. Competition makes the system healthy, as with capitalism.
replied 2157d
Miners are selling THEIR OWN WORK, Capitalist DOESN'T. You are so clueless you are hopeless.
replied 2156d
Capitalists do sell their labour, but they also serve the important fu action of BUYING your labour. If you want to sell your labour you need someone to buy it. Employers are customers
replied 2156d
You are by the looks of it deliberately ignorant. You are not correct at all, all that shit is just capitalist propaganda.
replied 2156d
Who else will buy your labour?
replied 2156d
The person that buys your labor is consumer, and capitalist is skimming value off for himself. Capitalist doesn't help, he exploits.
replied 2156d
These things are then sold to customers. A building is a good example. A capitalistspays for contractors. Contractors pay for labourers. A customer buys the finished building.
replied 2156d
That is not how things work. Not many people make complete things themselves. Instead people sell their labour to a capitalist. The labour is coordinated to make finished things.
replied 2156d
You just dont get it. Capitalist is nothing but a middleman, same as banks, as ll they really do is extract wealth created by others. There is absolutely no need to have such systems.
replied 2156d
More important is the risk involved. The capitalist puts up the capital to make that labour more productive. They take that initial risk.
replied 2156d
Actually they are important middlemen. They coordinate which labour to buy to create the finished product. Modern things dont get built without a lot of coordination.
replied 2157d
Capitalism creates FORCED COMPETITION, which is NOT a good thing, especially when Capitalist profits from it.
anarchovegan
replied 2156d
Ed, would you mind defining capitalism again, even if you've already done so?
replied 2156d
Economic system in which means of production are privately owned.
replied 2156d
The competition is about seeing who is better. This often also means the most efficient. Efficiency is good in many ways.
replied 2156d
That is not the competition I am talking about. I am talking about forced competition among people and still you ignore the fact that capitalists are exploiting honest working people.
replied 2156d
How are working people being exploited when they are paid for their labour? There is nothing wrong with people competing in the labour they offer.
replied 2156d
Austin
replied 2157d
Ed, you clearly have no formal education is what Capitalism is. https://financial-dictionary.thefreedictionary.com/capitalism
replied 2157d
Free market is not a rule but an outcome of a system, which is said to be an outcome of this system, but reality is it has not been the case & gave all the reasons as to why this is so
replied 2157d
The rest of the crap is propaganda & not actual definition of Capitalism & this is the part that you capitalist defenders don't understand.
Austin
replied 2157d
I'm not a capitalist defender. I am a moderate who understands economic systems and the importance of having a balance between the free market and a centralized government.
replied 2157d
Really? And what does it say in your link? "The economic system in which the means of production is privately held" which is exactly what I am saying so I think I know what it is.
replied 2157d
I think @ED is correct.