Capitalism is system in which means of production (business) is privately owned and in it other people work for the owner (capitalist). The capitalist is the ruler in that business.
The capitalist is not a ruler, the capitalist is a participant in the system. The capitalist only has control over what they own. That is a good system.
Capitalism is very shit system, it allows and embraces exploitation, it rewards greedy who do no work the most, it corrupted & controls all politics, even wages wars to make profits.
All systems allow exploitation. Capitalism helps that exploitation to be mutually beneficial. It rewards greed for both parties. The owners work harder than you realise.
The owners don't do jack shit.... you can stop taking those comments out of your ass because they stink.
Are you blind to the realities of owning a business? Their success often depends on the owners. The people at the top do more than you realise. It is because of them people work.
You are completely brainwashed, that's all there is to it, and your logic and thinking sucks... or... you know all this yet you are just dishonest.
My logic is sound. The real world provides many examples of how wrong you are. I think you are using certain words interchangeably. Boss =/= owner =/= not working.
Nope, the bigger the business, the less of work owners do yet the more share of profits they take. This is a mathematical fact.
How can math make this strange idea a fact? Technically if a business is built up so successfully that the owner isn't required to work then that is because the owner deserves it.
:large
That is incorrect information I think part of you knows it. It is really just a set of lies and half truths meant to mislead people.
No, not all system allow exploitation, you saying that they do is another big fat lie. Bitcoin with PoW is not such system, Communism is also based on this same PoW principle.
Bitcoin exploits the work of the miners... sure they get paid. The same as a person gets paid for their work.
Sorry to say it, but you just don't get it. This is such simple logic & easy to understand but you keep on thinking your things that are brainwashed into your mind.
Could you please explain your logic?
Bitcoin doesn't exploit work of miners at all, every miner gets paid FULLY for work they have done. Person working for capitalist gets paid much smaller fraction of the work they did.
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.
Unless you untangle what ED means by capitalism, you're going to be talking past ED, rather then to ED, aren't you?
You are right, and it is wrong of me not to put more effort into deciding what he is saying. I should remember that in order to debate you interpret their argument at it's best form.
Sarcasm? It's not wrong of you, just ineffective discussion, debate, or conversation.
But please do continue, as that seems your goal. Toodles.
That was not sarcasm at all. I actually thought about what you said. It made me realise that I shouldn't dismiss people like ED, or LightRider.
