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A capitalist and a laborer who both contribute nothing should expect nothing as a return. A capitalist who contributes capital should expect investment returns
by Pyxl101 8y ago
A capitalist and a laborer who both contribute nothing should expect nothing as a return.
A capitalist who contributes capital should expect investment returns, and a laborer who contributes labor should expect the agreed-upon compensation. Beyond that, the details of who should expect how much come down to supply and demand, of both labor and capital.
- lotyrin 8y agoA capitalist who invests indiscriminately (e.g. broadly) today, has a positive expected outcome of this, and that's not a given out of the fundamental theory. The work a capitalist does, their contribution, isn't just writing checks, it's writing the right checks.
- jezclaremurugan 8y agoIt just happens that a capitalist writing a large number of checks happen to write a couple of right ones. And often we need them to write some wrong ones too.
- deleted 8y ago[deleted]