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Your fellow citizens are not employing you or else the desolate ghettos would be overflowing with capital growth. Traditionally it takes a capitalist to start
by zanny 6y ago
Your fellow citizens are not employing you or else the desolate ghettos would be overflowing with capital growth.
Traditionally it takes a capitalist to start a business that can feed and house a population and that capitalist is in it to extract value from their labor. The job does not exist to serve the community, it exists to make the business owner richer. All the demand in the world will not build a sandwich shop lest a capitalist has the funds to build the building. Even if that capitalist is a local who can get a bank loan to do it, etc.
- UK-Al05 6y agoReturns on capital are just incentive for that guy to take out loan and take risk. As in many cases involving risk and uncertainty a few people had outsized returns from it.