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I'm not contradicting anything, you just didn't get the distinction: Incentive is to capture value, not create it. Workers create value because they have no ot
by bheadmaster 3y ago
I'm not contradicting anything, you just didn't get the distinction:
Incentive is to capture value, not create it. Workers create value because they have no other choice, but the system encourages capturing of value on a large scale. Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value.
- WalterBright 3y ago> Workers create value because they have no other choice Of course they have a choice. They're not slaves. > Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value. You can't collect wealth that is not created.
- bheadmaster 3y ago> Of course they have a choice. They're not slaves. Yes, they have a choice to be homeless and/or die of starvation. What a choice. > You can't collect wealth that is not created. By that logic, slavery is also a great system because it also creates value.