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This is the labour/capital struggle that your socialist friends talk about. In capitalism, labour produces the products, but capital still has control. Which i
by Kapura 8y ago
This is the labour/capital struggle that your socialist friends talk about. In capitalism, labour produces the products, but capital still has control.
Which is why it's so important for things like unions to exist. Without a union, writers wouldn't have any way to fight back against packaging.
- AlexB138 8y ago> This is the labour/capital struggle that your socialist friends talk about. In capitalism, labour produces the products, but capital still has control. In what sense do Sales people own the means of production and exploit engineers? They're simply closer to the flow of money and able to take advantage of information asymmetry. This is a different phenomenon, and a more interesting one in my opinion. It's part of the difference between those who make a thing, and those who do supporting business functions that happen to put them in an advantageous position.
- Waterluvian 8y ago"information asymmetry". I knew there was a term for what I was trying to describe. Thanks.
- 0815test 8y agoNo, it's specifically labor of superintendence which has control - as distinguished from both capital and "wage" labor. Equity owners often get screwed just as badly because of these control issues, which is one reason why firms might want to resort to issuing debt, and the root reason why issuing equity (as in, title to a share of profits) is in turn bundled with ceding some amount of control over the firm.