1. Lot of capitalists don't work at all, they off-load this leadership to CEO's directors, etc & 2. amount of such work is highly exaggerated & that claim does not hold truth.
You believe it is exaggerated. If the company gives too much money to someone, another company can do the job better, therefore cheaper, and win contracts. Another marketplace
This works if the market is a free market. In 2008, competition in the banking industry was shunted by government intervention. "Capitalism" paused by people "smarter than the market".
I think even normally, this system far from perfect. But to throw out a system that actually has mechanisms for handling this and replacing with one that does not is no improvement
I agree. The insentives and tools of capitalism need some reworking. I think bitcoin is one of the tools that will help enable “Consious Capitalism”.
But now that we have established that there is at least some work, we can go to the next step. Someone has to do that work, why don't you explain your model for how this can be done
I skimmed it, and it does not seem to provide an alternative at all, only attacks on capitalism.
How can anyone warrant that owner of business with few 1000 people, capitalists that don't even work there, can get billions in profits? HOW? What logic? Do you get it now?
Your tone is getting annoying. Yes, there are problems in the world. No, you have not shown that your alternative that you refuse to tell me about will give better results.
Yes, if capitalist does do SOME work, they should be rewarded for that work ONLY & not more, Capitalism rewards them way more then they deserve, that is the whole point.
This is easy to say, but hard to do. How much is their work worth? It actually could be a lot some times, like landing a big deal for the company
Come on man, ALL WORK and skills are NEEDED, management is just one of them & OWNING IS NEITHER A SKILL OR WORK, so there should be no people having absurdly large amounts of $ at all.
About large amounts of money to some, my understanding is that this is a result of Pareto distribution,which is hard to fight, unless you compare to a ideal that you refuse to describe
So now we have moved from management to ownership. Owning may take skill/work. You can buy/sell shares in a company based on your predictions.This has value beyond what the owner skims
Capitalism already created what Marx said it will create, what I am saying now & will always create this, which is extreme wealth inequality, fucked up society, etc.
I have suggested in another thread that you show me your alternative
I don't believe, I know this as this is what maths, logic & facts show. Why do you think people are getting sick of Capitalism (they call it corporatism)? Its for this very reason.
