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I think that's the crux of it. Society has got more complex with industrialisation and globalisation. There's those at the top who have autonomy and are well pa
by FormFollowsFunc 5y ago
I think that's the crux of it. Society has got more complex with industrialisation and globalisation. There's those at the top who have autonomy and are well paid and then you have an army of workers at the bottom who have no say in anything. Capitalism is fundamentally about exploiting labour - you have to extract more value from the worker than it costs to hire him to make a profit. Exploiting labour has become a lot easier in the last 40 years with developing countries joining the labour pool.
- waheoo 5y ago> Capitalism is fundamentally about exploiting labour That's a very Marxist view. And no, it's not. Capitalism is fundamentally exploiting the planets resources, mostly hydrocarbons. You can easily pay people a fair market wage and still produce a profit by exploiting the planet or even just market inefficiencies. The Marxist view assumes that if there is profit it should be shared between workers for their labour. This view completely ignores the costs and risks involved with capital expenditures. It also assumes that markets are efficient, they're not.
- ThreeJewels 5y agoYou should tell the Marxist-Leninists that they aren't supposed to exploit the hydrocarbons.