teft's transporter cloneRemember Sean Aloysius O'Brien on this auspicious day. Happy Labor Day!
downpunxxWhile I'm as pro Union as they come, I do not personally believe Labor Is Entitled To All It Creates, there's a place for Entrepreneurial, Investment, Ownership and Management cut outs, but I believe these percentages should be strictly monitored and regulated. Thanks for coming to my TED talk.
Semi-Hemi-DemigodI believe these percentages should be strictly monitored and regulated
By labor.
Worker coops for everyone!
🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 🏆If they actually do any labor in those tasks, then yes. Labour doesn’t necessarily mean the bottom level stuff. Management still takes work. Setting up new businesses takes work.
Investment and ownership intrinsically aren’t really labor though. Just owning the company doesn’t add anything of value to anyone, and investing is more like a trade agreement. Should be honored, but not necessarily treated the same. Because investment does help create, and the owners presumably have done work to get from nothing to something of value in the first place. Ideally, anyway. This isn’t necessarily true in reality. Plenty of owners inherited, and why should they be entitled just for being born lucky?
smollittlefrogMany projects take a long time to become profitable. The workers would starve until then.
Because of that, they need to borrow wealth to be able to keep working on the project until it becomes profitable.
The concept of lending wealth is therefore necessary.
Noone is gonna accept the risk of lending out wealth unless they expect some gain, some profit.
Therefore the workers promise to not only repay the lent wealth but to also pay on top of that, perhaps a share of the project’s profit.
Hence the concept of profitable investment is necessary.
Noone is gonna accept the risk of lending out wealth unless they expect some gain, some profit.
This neglects all of the many, many reasons people would lend money without expecting anything in return, let alone ones who simply want the initial loan paid back.
David Graeber's tome "Debt: The First 5,000 Years" goes into a lot of detail about these and many other things.
They don’t starve if food production is turned to the goal of feeding humans.
You think entirely too small.
Humans made Capitalism, and we can unmake it.
Management should be considered a part of labor in this regard. Intellectual labor is labor and a situation in which management is beholden to those they lead but seen as part of it is where I’d consider ideal. It could be a situation like union stewards where they’re elected from the rank and file or a situation where they seek out someone with the specific skills they’re looking for in the same way they might hire a maintenance worker.
I do think there’s room for a limited reward for entrepreneurial and investment costs, but the idea that they have control in perpetuity is where I have issues. I think a situation where they’re automatically bought out for a reasonable return on investment given the risk is fair enough. Though I worry it will perpetuate the issue of wealth begetting wealth
Management is either labor, or entirely parasitic.