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intensely_human ,

Fucking yes. We need to be having economic conversations on the basis of time.

ToucheGoodSir ,

BUT THINK OF THE BILLIONAIRES COMPETING AGAINST EACH OTHER TO BUILD BIGGER MEGA YACHTS. THINK OF THE YACHTS.

telllos ,

I think they compete in Space cock

damnedfurry ,

No they aren’t. The number that’s increasing is a price tag, not cash. That’s why no one’s wallet or bank account gets bigger when that same number goes down.

stormeuh ,

Who do you think the profit of increasing the price tag goes to? The workers in the factory to help them deal with inflation, or the rich shareholders?

damnedfurry ,

Who do you think the profit of increasing the price tag goes to?

Whoever sells the appreciated asset to someone else, who was willing to buy it at the new, higher price.

And if they don’t sell, there is no profit, it’s still unrealized.

Zink ,

Unrealized on paper, but not in a practical sense when they can borrow against those assets to access their wealth tax-free.

damnedfurry ,

borrow against those assets to access their wealth tax-free.

…until they pay the loan back, you mean.

Hell, loans better be tax free, it’s not income if you have to pay it back.

P.S. Some food for thought: if workers’ labor is being ‘skimmed’ by employers, making workers into a source of profit as a result, then why would a company ever downsize as a measure against financial difficulty? Why would any business ever fire anyone who’s doing their job, if worker = profit for the business?

Emerald ,

Nobody seems to have mentioned the very oddly placed highlight

Cowbee ,
@Cowbee@lemmy.ml avatar

More people need to read Marx. I recommend reading Wage Labor and Capital and following it up with Value, Price and Profit if you have a couple hours to spare.

DarkCloud ,

deleted_by_author

    •
    Cowbee , (edited )
    @Cowbee@lemmy.ml avatar

    Why involve ChatGPT, rather than actually starting with the basics of Marx’s critique of Capitalism, especially the two I linked? I specifically mentioned WLaC and VPaP because they are already summaries and simplifications of Capital.

    Going beyond those two works into more complicated class dynamics like the petite bourgeoisie, lumpenproletariat, and so forth, concepts like the Base and Superstructure, Historical and Dialectical Materialism, and so forth can be explored later.

    Leftists absolutely should read theory, yes, but making theory a book-reading competition results in well-read academics who haven’t done any organizing on the ground, endlessly bickering and purity testing each other to no avail, wondering why Socialism hasn’t been built yet.

    interdimensionalmeme ,

    Really they should just read the book. You can’t read half a book.

    DarkCloud , (edited )

    deleted_by_author

    •
    Cowbee ,
    @Cowbee@lemmy.ml avatar

    WLaC and VPaP are both pamphlets, Capital is a collection of large Volumes. The ideas presented in WLaC and VPaP are simple, straightforward, and deliberately written for the common worker, unlike Capital, which was directed towards academics.

    I hear and understand your point, but unfortunately in my experience trying to distill these ideas even further in Lemmy comments, and feed people individually piece by piece, results in far more questions and time investment than simply reading the texts.

    … anyways good luck appealing to people who already agree with you, and people who have already heard of these ideas and rejected them.

    I’m appealing to people who recognize that Capitalism isn’t working, but don’t yet fully understand the mechanics of why.

    Marxist are just plain shit at selling their ideas. That’s your ideologies entire problem.

    It is indeed a struggle to teach Marxist concepts within society dominated by Liberalism, yes. That doesn’t make the struggle pointless. If Marxism is indeed a correct method of analysis, like I believe it is, then it will continue to prove itself as such without care for the ideas held by society.

    jlou ,

    Employers steal the entire fruits of your labor as well. The fruits of workers' labor consist of the liabilities for the used-up inputs combined with the property rights to the produced output. Both of these are entirely held by the employer. This assignment violates the ethical principle that legal and de facto responsibility should match. You and your fellow workers are jointly de facto responsible for producing the product, but the employer has sole legal responsibility for it
    @lemmyshitpost

    Diplomjodler3 ,

    Actually, I’d be happy to keep working if it means that everybody on earth gets a decent standard of living.

    madcaesar ,

    Absolutely agree. I don’t have any urge to stop working. But 40 h / 5 days a week is too much. Life is too fucking short especially given how productivity has skyrocketed yet wages have barely kept up.

    Obligatory fuck Ronald Reagan and the Republican party.

    Diplomjodler3 ,

    Sure. We can do both. Make sure everybody has a bearable workload and make sure everybody has enough.

    LoreleiSankTheShip ,

    Everything that needs to be done for society to maintain itself can be done if everyone works 20 hrs a week. The rest is just to allow some other people luxury lifestyles.

    MystikIncarnate ,

    I’m with you on this.

    If we can meet the housing, food, and medical needs of everyone, then that would be sufficient.

    doodledup ,

    If it makes you feel better…

    Cosmicomical ,

    Shitpost? This is just unadulterated truth

    unreachable ,
    @unreachable@lemmy.world avatar

    https://lemmy.world/pictrs/image/e6103616-2e2a-4927-9a73-4146820ec440.gif

    camr_on ,
    @camr_on@lemmy.world avatar

    They won’t sell the Hilux in the US because it’s too easy to turn into a technical. Nobody out here with a Tacoma technical

    Track_Shovel OP ,

    Bunch of yeehawdists rolling around in Hiluxes would be sub-optimal

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