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>The problem is more obvious in reverse: profit is money extracted from community wealth. On the contrary, profit is the part of the wealth generated by the co
by johngladtj 3y ago
>The problem is more obvious in reverse: profit is money extracted from community wealth.
On the contrary, profit is the part of the wealth generated by the company that remains with those who generated it!
- antisthenes 3y ago> On the contrary, profit is the part of the wealth generated by the company that remains with those who generated it! Only if 100% of the profit is distributed to the workers of the company. Also, this is not relevant for a non-profit (which may also have profits).
- johngladtj 3y agoWhy do you think workers should be entitled to more than they agreed contractually? Should they also be liable for the losses incurred?
- antisthenes 3y agoYour original statement was lacking important qualifiers. If you provide additional info, I'll be able to answer your questions.
- johngladtj 2y agoWhat qualifiers?
- robocat 3y agoYeah: the old companies take everything argument (quite true for many organisations and departments). Where's the other side of the ledger: the services and products that the company provided to the community. Hospitals are a great example. Put money in, get some health out. How do we value getting our bladder fixed? It is easy to look at the money and forget what we get in return. What value do we get from an iPhone? If no more smartphones were produced I wonder where the market price would shift to? We could even find out if China has a war.