Message from @BoleslawBierutLover

Discord ID: 334930221130186753


2017-07-13 05:20:56 UTC  

That's kind of what investing is

2017-07-13 05:22:57 UTC  

So the act of buying and selling is considered work, probably the minimal kind. Should you get paid according to the amount of work?

2017-07-13 05:25:08 UTC  

You should get paid based on voluntary agreement as to what the labor or exhange is worth. If the investor voluntarily agrees with the investee that he should get X return on profits, and both parties are okay with that, then X return of profits would be the value of the investor's contribution

2017-07-13 05:27:53 UTC  

Fuck no, investing isn't work

2017-07-13 05:28:17 UTC  

Wanna elaborate at all?

2017-07-13 05:28:57 UTC  

Yes, but i have no idea why someone would think that in the first place

2017-07-13 05:29:10 UTC  

Well when you say "work", do you mean profession, labor, or what?

2017-07-13 05:29:17 UTC  

>voluntary agreement
Here is the problem. If the conventions of the market are not favourable to you, you can not negotiate with it, else you have no market. You are assuming that all traders have equal footing. If you are in a disadvantaged position, as dictated by the market, there is no such thing as 'voluntary agreement'. You will starve.

2017-07-13 05:29:59 UTC  

Again what I said workers are subject to what the capitalists decide for them

2017-07-13 05:30:01 UTC  

Yes, and one can choose not to contribute through work and face the consequence of starving. The employer merely offers an alternative

2017-07-13 05:30:09 UTC  

VOLUNTARILY

2017-07-13 05:30:11 UTC  

Wait, do you think that all buyers and sellers always operate at equilibrium, or not at all?

2017-07-13 05:30:15 UTC  

And about being able to control the market through ur wallet

2017-07-13 05:30:42 UTC  

Voluntary starvation. You read it here folks.

2017-07-13 05:30:46 UTC  

^

2017-07-13 05:32:00 UTC  

@Apophis "The Ministry of the Meat and Dairy Industry of the Tadjik SSR, in the quest for high profits for its enterprises in 1970 and 1971, reduced the production of inexpensive products that were in stable demand among the population and unjustifiably increased the production of more expensive products. As a result, the enterprises of this Ministry obtained millions of rubles of profit in excess of the plan".

(S. Starostin & G. Emdin: "The Five Year Plan and the Soviet Way of Life", in: "Planovoe khoziaistvo" (Planned Economy), No. 6, 1972, in: "Problems of Economics", Volume 15, No. 10; February 1973; p. 95-6).

2017-07-13 05:32:08 UTC  

On the market

2017-07-13 05:32:22 UTC  

The employer isn't "offering" shit. The employer has hoarded a large amount of productive capital, and uses the state to enforce that hoarding. He will let you rent it back per hour, at a rate equal to the difference between your productivity and your wage

2017-07-13 05:32:27 UTC  

In your ideology, those who don't work and contribute should still recieve capital. In capitalism, one must contribute to society, be that through owning a business that can only remain if the consumers are okay with the product and/or price, through working for such a business, or to front financial risk for such a business with a voluntarily agreed return.

2017-07-13 05:32:56 UTC  

@Apophis What are you talking about typically in marxist society there is little to no unemployment?

2017-07-13 05:33:07 UTC  

Compare that to the armies of unemployed in capitalist ones

2017-07-13 05:33:10 UTC  

"The Ministry of the Meat and Dairy Industry of the Tadjik SSR, in the quest for high profits for its enterprises in 1970 and 1971, reduced the production of inexpensive products that were in stable demand among the population and unjustifiably increased the production of more expensive products. As a result, the enterprises of this Ministry obtained millions of rubles of profit in excess of the plan".

(S. Starostin & G. Emdin: "The Five Year Plan and the Soviet Way of Life", in: "Planovoe khoziaistvo" (Planned Economy), No. 6, 1972, in: "Problems of Economics", Volume 15, No. 10; February 1973; p. 95-6).

2017-07-13 05:33:13 UTC  

Read

2017-07-13 05:33:43 UTC  

I am done with ancaps bye

2017-07-13 05:33:54 UTC  

This is normal though in Austrian economics. iirc

2017-07-13 05:33:57 UTC  

Because you kill people who dare not do exactly as your government demands. There's no unemployed because they're in labor camps or dead.

2017-07-13 05:34:11 UTC  

🤔

2017-07-13 05:34:21 UTC  

@Apophis That is wut I thought u would say, btw that is incorrect

2017-07-13 05:34:48 UTC  

He's hyperbolic, but there's a seed of truth to it

2017-07-13 05:34:57 UTC  

Albania unemployment, 1984 (socialism) 3%, 2015 (capitalism), 19%

2017-07-13 05:35:01 UTC  

O.O

2017-07-13 05:35:01 UTC  

Non-contributors go to Gulag.

2017-07-13 05:35:11 UTC  

@Deleted User Everyone contirbutes

2017-07-13 05:35:16 UTC  

people want to work

2017-07-13 05:35:18 UTC  

everyone does

2017-07-13 05:35:28 UTC  

But what if they don't?

2017-07-13 05:35:38 UTC  

There's always one smart arse.

2017-07-13 05:35:48 UTC  

And in the argument of The Ministry of the Meat and Dairy Industry of the Tadjik SSR, that's not capitalism's fault. The existence of a state violates capitalism because taxes, lobbying and regulation make monopolies.

2017-07-13 05:35:57 UTC  

People are unemployed because capitalists need workers to fight and compete amongst each other @Deleted User they do tho

2017-07-13 05:36:17 UTC  

V O L U N T A R Y S T A R V A T I O N

2017-07-13 05:36:19 UTC  

I am well aware of the function of structural unemployment