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This is merely a technical nitpick. A person with a savings account is technically a capitalist but they typically get most of their income from labor. Their in
by praptak 6y ago
This is merely a technical nitpick. A person with a savings account is technically a capitalist but they typically get most of their income from labor. Their interests are not those of the capital, e.g. they would lose from stricter anti-labour regulations.
- kortilla 6y agoIt’s not a nitpick. Anyone with social security, 401ks, etc are all depending on capital markets to retire. > Their interests are not those of the capital, e.g. they would lose from stricter anti-labour regulations. This is incorrect. They would only lose if they were part of the effected labor pool. Break up the California teachers union and pretty much everyone in California except for the teachers will benefit. Tax revenue shortfalls mean worse services and/or higher taxes for everyone else to pay for fat retirements for incompetent teachers.