Every capitalist is in fact a ruler of that particular business. What monarchy used to be on national/state level, capitalism is on business level. Who else owns & makes all decisions?
Share holders also own, and help influence decisions. Demand also controls a business, and demand is, to a degree, the will of the people.
Are you really that stupid that you still can't get the message across? Share holders DO NO WORK, yet they get rewards. This is literally what EXPLOITATION is all about you moron.
It is hardly exploitation. A share holder invest money in the company. This gives the company more money to build the company to do more. Work is not the only source of value.
It is literally exploitation. You happen to be in Bitcoin BCH I presume, yet you just keep showing that you don't understand the idea behind PoW principle at all.
Why do you assume I don't understand PoW? I do say I find it interesting how the concept appeals to communists.
I don't assume, I can see you don't understand it, if you did you could relate it to how incentives are distributed in capitalist business.
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.
Miners are selling THEIR OWN WORK, Capitalist DOESN'T. You are so clueless you are hopeless.
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
You are by the looks of it deliberately ignorant. You are not correct at all, all that shit is just capitalist propaganda.
Who else will buy your labour?
The person that buys your labor is consumer, and capitalist is skimming value off for himself. Capitalist doesn't help, he exploits.
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.
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.
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.
More important is the risk involved. The capitalist puts up the capital to make that labour more productive. They take that initial risk.
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.
Capitalism creates FORCED COMPETITION, which is NOT a good thing, especially when Capitalist profits from it.
Ed, would you mind defining capitalism again, even if you've already done so?
Economic system in which means of production are privately owned.
The competition is about seeing who is better. This often also means the most efficient. Efficiency is good in many ways.
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.
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.
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
The rest of the crap is propaganda & not actual definition of Capitalism & this is the part that you capitalist defenders don't understand.
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.
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.
