With what capital

Capital is created

When you're just a few paychecks away from starving, starting your own factory is not even remotely an option

You can't simply create the wealth or funds required to build capital

So you can work for someone else or be self employed and save up money to start your own business

This was what the majority of business owners did. The alternative was to be self sufficient and live in what was objectively poverty, living off the land

It was legal rulings and governments mandates that at the time were considered socialistic that put an end to such practices

So, you can live off the land, or work for someone else & work your way up. How is that bad?

What land?

There was not a ladder to work yourself up. How do you work your way up on employee vouchers

The land you don't own?

At one point, child labor laws were considered socialism

Jones, I'm not aware of any companies doing this anymore

Refer to my above statements

Why do you think they don't do it anymore?

Because big government banned it

Because another company will come along & offer them a better form of payment

Did somebody let a Libertarian into the TWP server?

No, because the government mandated a wage in US dollars

People came to work for Henry Ford because he paid more, they did this voluntarily

Why would they have to, if their buddy in big oil company 1 is doing it. What motivation does big oil company 2 have to improve the situation

Not just a Libertarian, seems like an ancap

Why not collude together to keep the workers under their yoke

Jones, they don't have to work for an oil company

Venezuela is socialism

I know it's accelerated by brown people

But every socialist policy always fails

Social security will run out by 2030

Venezuela is *Marxian* socialism

So will Medicare

Venezuela failed because they focused their entire company around the export of Oil

Welfare and big government in any dorm is socialist

And when the Oil prices crashed in 2015, which mind you also effected many oil companies in primarily capitalist countries, this effected them deeply

There are different types of socialism. There's is communist. Ours is economic Third Position

You're pointing towards one aspect of the Venuzuelian economy and ignoring others

Alberta is a fairly capiatalistic province of Canada that faced pretty high unemployment during this time as well because their local economy was built on oil

I agree

Meaning

Building your society around one product is risky

What happens when oil prices fall, is resources leave oil and will go to more profitable ventures

Except that's not what's happening