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I'm glad people are starting to actually be honest about the class warfare situation finally but we need to acknowledge that the "wannabe capital class" is the
by AndrewKemendo 4y ago
I'm glad people are starting to actually be honest about the class warfare situation finally but we need to acknowledge that the "wannabe capital class" is the key enabler of all of this.
The class of people who clearly fall into the "labor" class, behaving as though they will one day be the "capital" class, is probably the majority of the posters on HN (this used to be me too).
How do you know if you're in the labor class? Here's a quick test:
- Do you have or represent the voting position of a controlling or influential number of shares in a for-profit stock organization?
- Could you choose at any point, not to be employed for a wage, and maintain your current consumption pattern or grow your consumption indefinitely?
If not, then you're firmly "labor" and unless you're on the trajectory to be one of these then you won't become it no matter how much money you put in your bank from your salary.
As "labor" you have basically zero control of your working destiny compared to oligarchs. Which of course is why so many people want to get out of this class! In the best case however, people will get to "wannabe capital" status - which is kind of the worst place to be, I know cause I've been there.
This class - also known as the petite-bougeoise - is typically just down the line management through SVP in most large corporations, and are the ground troops for Capital, with the promise of power just dangling out of reach.
People in this class in my experience fall into two categories: Think that someday they will rule the world with their genius and magnanimous ideas, or they just don't care and "fuck you got mine" to buy an island. They'll retire with up to - lets say $10 or $20M in the bank - put their kids through college, do some angel investing, donate to some charitable things and get your name on the wall at your kids school for donating a new basketball hoop. They might be a local micro-celebrity in their community - but otherwise don't really control or have any say over how major things in the world run.
Most importantly though, they ensure that people below them never get the power. They will do whatever it takes to ensure that they do not support anything that could possibly get in their way of future riches and power (which most will never even get close to). They will fight Unions and cooperatives and anything that might reduce their total overall earning capacity - you see these arguments CONSTANTLY on HN.
So until we end that striving and people trying to get into the capital class, then there will always have a forever group of psychopaths willing to step up and crush labor for the promise (that never comes) of riches and power.
- FormerBandmate 4y agoThis is a way rich people delude themselves into thinking they’re not rich. Basically every CEO falls into labor under your definition, there is always some way to dramatically boost your consumption.
- Supermancho 4y ago"Basically every" is softly describing the reality. The vast majority of CEOs are not rich. This is obvious by going to small business conventions, where everyone is CEO of their own company.
- AndrewKemendo 4y ago>Basically every CEO falls into labor under your definition Correct. The CEO is the core and primary tool for which capital applies pressure to labor The Board appoints the CEO and determines their wage/compensation in 99% of cases. The larger the wage the more the CEO is "pwned" by investors. Go ask a Board of Directors who runs a company and see what they say. There are two exceptions to this: Founder/CEOs that successfully make the gap/transition to capital by having a large share of control of their own company (extremely rare). You can see the peacocking display of "$1 wage" to signal that they are not in the same game as labor anymore (it's taxed like paupers), their worth is determined by the stockholders whom they serve above all and it's kind of the ultimate "see ya suckers." This is the wet dream of pretty much everyone who is in business or wants to be in business. Or it's a mom and pop place not trying to be hyperscale/exascale and the "CEO" really just means, "guy who controls everything cause he started it"
- green_man_lives 4y agoNot sure why people are downvoting. This is pretty accurate.
- cudgy 4y agoThis is a definite phenomena. It is also characterized by comments like “the economy is not a zero-sum game”, “no one wants to work those jobs; we can design everything here and do the menial work in low cost countries”, “learn to code”, “all you have to do is buy this self-help book and …”, “the world is going to end if these people don’t stop using internal combustible engines”, “low interest rates are for the good of the common man so they can afford to go into debt and buy a house at an inflated price”, “allowing student debt to be cancelled (in or out of bankruptcy) is unfair to the working class”, the classic “low taxes help businesses prosper and hire more workers”, or the latest one “we can’t let depositors with 250k+ lose their money because they won’t meet their payroll for the little people”.