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And companies are businesses that exploit labor to make profits. One creates value for many people, the other for few. The ethics on this one is not hard.
by atoav 4y ago
And companies are businesses that exploit labor to make profits.
One creates value for many people, the other for few. The ethics on this one is not hard.
- WalterBright 4y agoUnder capitalism, man exploits man. Under socialism, it's the other way around.
- satvikpendem 4y ago> exploit labor to make profits If you believe in the LTV, which many don't. Many instead believe in the subjective (market) theory of value.
- 8note 4y agoIt's the case only if you believe there's a transitive property to value, which has some evidence to it. You tend not to see somebody sell a gold watch for less than the gold that's in it. Especially so if there's profit being made on the watch
- satvikpendem 4y agoSure, for physical goods that may be somewhat true, but LTV presupposes that labor itself has a value beyond what the market would pay, which does not seem to be the case, in capitalism or in other previous systems of mercantile trade.