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> But - the only reason anyone makes money (other than tax money) is because they're useful to someone else. Almost all of the clothing industry companies make
by tablespoon 4y ago
> But - the only reason anyone makes money (other than tax money) is because they're useful to someone else. Almost all of the clothing industry companies make money from large numbers of people buying their clothes. So they are useful to us.
No, that's not true. Capitalists make money from simply owning things, not because they're necessarily doing anything useful.
- robertlagrant 4y ago> No, that's not true. Capitalists make money from simply owning things, not because they're necessarily doing anything useful. Can you elaborate on this? How can I become a capitalist so all my possessions start earning me money?
- tablespoon 4y ago> Can you elaborate on this? How can I become a capitalist so all my possessions start earning me money? Capitalists make money from simply owning things, but that doesn't imply in the slightest that everything that can be owned produces income. The classic example is a landlord: he collects income because he simply owns the land others need or want to use. He doesn't necessarily have do any work that's useful to anyone else, not even maintenance or "capital allocation."
- robertlagrant 4y agoIf the property isn't useful, then why is anyone renting it?