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> capitalism is by definition a redistribution There is nothing to redistribute when we all have nothing - and that is our initial state. Then through capitali
by nickpp 5y ago
> capitalism is by definition a redistribution
There is nothing to redistribute when we all have nothing - and that is our initial state. Then through capitalism value is created. Part of said value is retained by its creator - thus providing the motivation to create it in the first place. But the most value is distributed in the society (through regular consuming of goods and services), raising its level and thus pulling more people out of poverty.
Just check out how dramatically poverty was reduced when Eastern European states switched from communism to capitalism.
- nec4b 5y agoI though the poor were living from social security checks. Working people trade labor for money. Are you claiming that you cannot make surplus from a salary? It seem you're claiming agreed upon salary is preventing you accumulating capital and the rich are to be blamed somehow.
- nec4b 5y agoSorry, I have replied to the wrong person. The above comment should be under beaconstudios's comment.
- dahart 5y ago> There is nothing to redistribute when we all have nothing - and that is our initial state. If the initial state is nothing, where, exactly, does the “capital” in capitalism come from? > Then through capitalism value is created. That is an amazing magical sentence. Capitalism creates value? How does it do that?
- nec4b 5y agoFrom your head, hands and environment.
- dahart 5y agoWhich question were you attempting to answer there? I assume it’s how does capitalism create value. Unfortunately, you just described labor, something common to all economic systems including communism. This doesn’t address how capitalism creates value.
- nec4b 5y agoFor me my head, my hands and the environment is the capital which creates value.
- dahart 5y agoRepeating your answer doesn’t help much. Have you studied any economics? Unfortunately, that’s not what capital means, it squarely contradicts the definitions of capital and of capitalism, and again, completely fails to answer the question. Communists have heads, hands, and environments. So do socialists, and feudalists, and aboriginal tribes, and, well, everyone. If you’re interested in learning how capitalism creates value, here are a couple of places you might start: https://www.investopedia.com/terms/c/capitalism.asp https://www.investopedia.com/terms/c/capitalism.asp https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism
- nec4b 5y ago>>Communists have heads, hands, and environments. So do socialists, and feudalists, and aboriginal tribes, and, well, everyone. Of course they do, but they aren't allowed to use them to their full potential. I don't think you have read your own links. Hint: read the first sentence of your wikipedia link. And yes I have partially studied economics and have family members who are trained economists.