Message from @BoleslawBierutLover
Discord ID: 334930221130186753
That's kind of what investing is
So the act of buying and selling is considered work, probably the minimal kind. Should you get paid according to the amount of work?
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
Fuck no, investing isn't work
Wanna elaborate at all?
Yes, but i have no idea why someone would think that in the first place
Well when you say "work", do you mean profession, labor, or what?
>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.
Again what I said workers are subject to what the capitalists decide for them
Yes, and one can choose not to contribute through work and face the consequence of starving. The employer merely offers an alternative
VOLUNTARILY
Wait, do you think that all buyers and sellers always operate at equilibrium, or not at all?
And about being able to control the market through ur wallet
Voluntary starvation. You read it here folks.
^
@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).
On the market
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
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.
@Apophis What are you talking about typically in marxist society there is little to no unemployment?
"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).
Read
I am done with ancaps bye
This is normal though in Austrian economics. iirc
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.
🤔
@Apophis That is wut I thought u would say, btw that is incorrect
He's hyperbolic, but there's a seed of truth to it
Albania unemployment, 1984 (socialism) 3%, 2015 (capitalism), 19%
O.O
Non-contributors go to Gulag.
@Deleted User Everyone contirbutes
people want to work
everyone does
But what if they don't?
There's always one smart arse.
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.
People are unemployed because capitalists need workers to fight and compete amongst each other @Deleted User they do tho
V O L U N T A R Y S T A R V A T I O N
I am well aware of the function of structural unemployment