Me when I buy a restaurant and hire people to manage and work at it and take a % from their earnings while doing nothing but demanding line go up and unions to be broken. Woohoo benefitting everyone so much!! Capitalism ftw!
Discussion
So, providing capital (ie your hard earned bitcoin) is nothing? Sure...
The billionaires we all know and love were born into money and used that money to buy assets and companies that generated them more money. They didn't "work hard" to earn it.
The system doesn't seem fair to me. The profits of a company end up going to the owners and investors and not to the actual people that work and manage it.
It would be better for society if the people who actually run the workplace had control over it and directly benefit from the profits the company generates, instead of so much money going to owners and investors who have never even visited the place they get profits from.
This would also make people more hard-working and involved at their workplace, because doing things more efficiently and automating tasks would mean more profits, and not being fired because you are no longer needed...
Imagine every employee doing their best because they have an incentive to make profit for their own company. Imagine the employees making decisions - as opposed to the investors who are clearly less knowledgeable than the actual people who run the company.
This sounds like a golden age of entrepreneurship and competition to me.
It seems to me that most people don't want to hold the risk that the provided labor will ultimately lead to satisfied and paying customers, that's why they demand to be paid upfront.
Start a business and you might learn a thing or two.
Employees would still be paid upfront. But companies would be ran democratically and for the benefit of the people that work there, not the owner/investors. My point is that the owners don't contribute anything, yet they get to decide the roadmap and earn a lot of money. And when they want to maximize profits, they underpay their workers.
I wouldn't have a problem with companies chasing profits if I knew the profits went to benefit the people that provide value, the actual workers, you know? But unfortunately, today the extra revenue goes to the useless owners/investors, who often can't even be trusted with that much money, Musk being an easy example.
Start a company and tell me you don't contribute anything.
The owner's payout is not proportionate to the amount of work or value created by the them. And I mean sometimes the owner doesn't even do anything.
Look at Musk - dude just tweets all day while owning 3 companies and being in charge of a government agency.
So many people work at his companies and yet he and the investors get so much money. It could be better
Oh. Nost is attracting commies...
No it's not. Nostr is all fascists and grifters. I wish though
I have expected (by your posts) you are a commie. Thanks for the clarification.
You are like those people who when hear hear "crypto" start thinking about $HAWK and think it's a scam.
You hear me criticizing the authoritarian nature of corporations, and all you can think of is planned economy (I know planned economies don't work).
"Commie" is a very vague term which nowadays covers both North Korea AND free lunch in school. It is useless at this point.
We can have worker co-ops and social safety nets while having a democracy and human rights
Your argument by "Labor Theory of Value" tells a lot...