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> Where to begin ... Well first of, capitalism and global markets are made by people. Rather, they are made by the capitalist class. > Then there are very tin

by emt02 10y ago

> Where to begin ... Well first of, capitalism and global markets are made by people. Rather, they are made by the capitalist class. > Then there are very tiny individual nations, like Lichtenstein. > Why should they have more power than a voluntarily group(corporation) of much more people than that small state?!? Because a corporation is not a voluntarily group of people, it is, well, a corporation! The workers have no control on it and its aim is to make the maximum profit, even when this means polluting oceans, exploiting people and doing any kind of unethical action. > Or do you prefer statecorporations like in socialism? Just because I recognize flaws in the capitalist system does not mean that I support other flawed systems. I even clearly stated in my comment: > I don't know what the solution to this problem may be. Alternatives to capitalism have been proposed in the past, and are continuously studied now, but shifting to another economical system would not be easy, if possible at all at this point.

hutzlibu 10y ago
"Rather, they are made by the capitalist class" So who is part of that class? Everybody who has money on the stock market? That would be anybody who has a bank account.
- emt02 10y ago
  Giving a precise definition is hard, since it is easy to twist it and point out that pretty much everyone owns at least a bit of capital and could thus be considered part of the class. However, the usual definition of the capitalist class is about owners of capital, or people who earn wealth from the work of others. This includes industrial capitalists, who own the means of production, the land owners and the financial capitalists. The average Joe may have some little money on the stock market, but he doesn't have any influence in corporations or the global market, contrarily to what your previous comment hinted.
  - hutzlibu 10y ago
    "people who earn wealth from the work of others" Everbody who has money on the stock market, directly or indirectly, earns wealth from the work of others. But this is not a bad thing, as "the others" also benefit from the capital invested as they otherwise could not produce or earn. And for sure you have influence even with little stock, by choosing where to invest and where not. And surely there are people with much more influence (money), thats the way it is, if not everbody is forced to have the same, no matter what they do (or their ancestors did)
    - emt02 10y ago
      As I said in my previous comment, it is easy to twist a definition as you just did, to claim that the penny stock owned by the average Joe is even comparable to the stock controlled by the actual capitalist class. I think that everyone can understand the difference here, even though the line between proletariat and capitalist class may be a little more blurry than it was 50 years ago.
      - hutzlibu 10y ago
        A good definition is not easy to "twist" (i call it arguing btw), but a blurry, vague and oversimplifying definition like yours of capitalist, is just useless. You might as well say "rich" and "poor". Which is more fitting and more to the root problem.
        emt02 10y ago
        I'm just a random person on the internet that read some books on the topic, but a very quick google search would get you to a lot of information about the definition of capital and capitalist class. The division of the society in capitalist and working class is a well studied topic, it's not like I invented it at the moment. But your argument about holding penny stocks making people comparable to capitalists makes me think that you're just attempting to mislead instead of keeping a meaningful discussion. And by the way, rich and poor is a consequence and not the cause.
        10y ago
- cies 10y ago
  > So who is part of that class? Easy! I know the answer to that one. All who do not have to work to come by. To me that means in most western nations the threshold is somewhere between 1 and 10 million USD in net worth. When you have that much money your money makes money for you! You own some houses/land you rent out, or own (part of) some business that yield profits. Maybe you work, but it is by choice, not by necessity.
  - hutzlibu 10y ago
    Thats a better definition. But still vague, as "not having to work" to have enough money is relative, as the standard becomes higher. And even with 900000$ you can pretty much live like a king in a 3. world country for a long time.
    - cies 10y ago
      Yes. Agreed, therefore my "to me that means" and "in western nations". And this is something that --in a democracy-- we can vote on: higher or lower capitalist-threshold? :) While the exact threshold is up for debate, I think it is an otherwise easy to distinguish class difference.
deleted 10y ago
[deleted]
hutzlibu 10y ago
"Because a corporation is not a voluntarily group of people, it is, well, a corporation! The workers have no control on it and its aim is to make the maximum profit, even when this means polluting oceans, exploiting people and doing any kind of unethical action." And you do realise, that there are many different kinds of corporations? And even in the most shitty ones, people choose freely to be part of it (even if pushed by money pressure). And again, you are totally free to gather fellow "workers" and start together a corporation of the type you like and produce what you want. And people are doing that btw. Just like <people> choose to put waste in the rivers, or not. It is allways people doing things, good or bad, bound to a corporation or government or whatever other group. Just picking one type of organisation and blaming everything bad on it is extremely oversimplifying and I can't imagine how that could improve anything
- emt02 10y ago
  > even if pushed by money pressure That's the whole point. People do not voluntarily work for shitty wages at shitty jobs, they are forced by the need of money. Workers in western countries are extremely lucky, since they live in very wealthy countries where even the shittiest job usually gives the possibility to live a decent life. However, I'm not sure (to make an example which is extreme in the opposite way) congolese children do voluntarily work in cobalt mines, getting intoxicated and often dying just to be able not to starve in the short term. Regarding the rest of your comment, I just have to say that: 1. yes, people can start their own ethical corporation, and some people actually did that. But they are pretty much irrilevant in the global market. Actually, I would argue that following ethics often puts a corporation in a less competitive position. 2. just because I could do that myself doesn't mean that's a good thing. I'm not saying that the capitalist class is evil and trying to destroy the world, I'm just saying that the system is flawed in allowing such a restricted pool of people to accumulate so much wealth, and to actually encourage the exploitation of people and resources in order to stay competitive.
  - hutzlibu 10y ago
    "Actually, I would argue that following ethics often puts a corporation in a less competitive position" True, because most PEOPLE don't care about exploitation. Or can't afford to care if they want to keep their living standard. Thats the problem. That's my whole point, corporations just produce what people want. And most want it cheap. And yes, the system is flawed, because people are flawed. Change one, and you change the other. Hard? Now thats news ... But I think many things are changing for the better. So we are on a good way.

by emt02 10y ago

hutzlibu 10y ago

"Rather, they are made by the capitalist class" So who is part of that class? Everybody who has money on the stock market? That would be anybody who has a bank account.

emt02 10y ago
Giving a precise definition is hard, since it is easy to twist it and point out that pretty much everyone owns at least a bit of capital and could thus be considered part of the class. However, the usual definition of the capitalist class is about owners of capital, or people who earn wealth from the work of others. This includes industrial capitalists, who own the means of production, the land owners and the financial capitalists. The average Joe may have some little money on the stock market, but he doesn't have any influence in corporations or the global market, contrarily to what your previous comment hinted.
- hutzlibu 10y ago
  "people who earn wealth from the work of others" Everbody who has money on the stock market, directly or indirectly, earns wealth from the work of others. But this is not a bad thing, as "the others" also benefit from the capital invested as they otherwise could not produce or earn. And for sure you have influence even with little stock, by choosing where to invest and where not. And surely there are people with much more influence (money), thats the way it is, if not everbody is forced to have the same, no matter what they do (or their ancestors did)
  - emt02 10y ago
    As I said in my previous comment, it is easy to twist a definition as you just did, to claim that the penny stock owned by the average Joe is even comparable to the stock controlled by the actual capitalist class. I think that everyone can understand the difference here, even though the line between proletariat and capitalist class may be a little more blurry than it was 50 years ago.
    - hutzlibu 10y ago
      A good definition is not easy to "twist" (i call it arguing btw), but a blurry, vague and oversimplifying definition like yours of capitalist, is just useless. You might as well say "rich" and "poor". Which is more fitting and more to the root problem.
      - emt02 10y ago
        I'm just a random person on the internet that read some books on the topic, but a very quick google search would get you to a lot of information about the definition of capital and capitalist class. The division of the society in capitalist and working class is a well studied topic, it's not like I invented it at the moment. But your argument about holding penny stocks making people comparable to capitalists makes me think that you're just attempting to mislead instead of keeping a meaningful discussion. And by the way, rich and poor is a consequence and not the cause.
        10y ago
cies 10y ago
> So who is part of that class? Easy! I know the answer to that one. All who do not have to work to come by. To me that means in most western nations the threshold is somewhere between 1 and 10 million USD in net worth. When you have that much money your money makes money for you! You own some houses/land you rent out, or own (part of) some business that yield profits. Maybe you work, but it is by choice, not by necessity.
- hutzlibu 10y ago
  Thats a better definition. But still vague, as "not having to work" to have enough money is relative, as the standard becomes higher. And even with 900000$ you can pretty much live like a king in a 3. world country for a long time.
  - cies 10y ago
    Yes. Agreed, therefore my "to me that means" and "in western nations". And this is something that --in a democracy-- we can vote on: higher or lower capitalist-threshold? :) While the exact threshold is up for debate, I think it is an otherwise easy to distinguish class difference.

deleted 10y ago

[deleted]

hutzlibu 10y ago

"Because a corporation is not a voluntarily group of people, it is, well, a corporation! The workers have no control on it and its aim is to make the maximum profit, even when this means polluting oceans, exploiting people and doing any kind of unethical action." And you do realise, that there are many different kinds of corporations? And even in the most shitty ones, people choose freely to be part of it (even if pushed by money pressure). And again, you are totally free to gather fellow "workers" and start together a corporation of the type you like and produce what you want. And people are doing that btw. Just like <people> choose to put waste in the rivers, or not. It is allways people doing things, good or bad, bound to a corporation or government or whatever other group. Just picking one type of organisation and blaming everything bad on it is extremely oversimplifying and I can't imagine how that could improve anything

emt02 10y ago
> even if pushed by money pressure That's the whole point. People do not voluntarily work for shitty wages at shitty jobs, they are forced by the need of money. Workers in western countries are extremely lucky, since they live in very wealthy countries where even the shittiest job usually gives the possibility to live a decent life. However, I'm not sure (to make an example which is extreme in the opposite way) congolese children do voluntarily work in cobalt mines, getting intoxicated and often dying just to be able not to starve in the short term. Regarding the rest of your comment, I just have to say that: 1. yes, people can start their own ethical corporation, and some people actually did that. But they are pretty much irrilevant in the global market. Actually, I would argue that following ethics often puts a corporation in a less competitive position. 2. just because I could do that myself doesn't mean that's a good thing. I'm not saying that the capitalist class is evil and trying to destroy the world, I'm just saying that the system is flawed in allowing such a restricted pool of people to accumulate so much wealth, and to actually encourage the exploitation of people and resources in order to stay competitive.
- hutzlibu 10y ago
  "Actually, I would argue that following ethics often puts a corporation in a less competitive position" True, because most PEOPLE don't care about exploitation. Or can't afford to care if they want to keep their living standard. Thats the problem. That's my whole point, corporations just produce what people want. And most want it cheap. And yes, the system is flawed, because people are flawed. Change one, and you change the other. Hard? Now thats news ... But I think many things are changing for the better. So we are on a good way.