Originally posted by Kidicious
That's not arguing otherwise. I'm agreeing that you need someone to organize labor, and that that is work. I'm saying that it's not necessary to compensate the owners of business for nothing but owning the business.
That's not arguing otherwise. I'm agreeing that you need someone to organize labor, and that that is work. I'm saying that it's not necessary to compensate the owners of business for nothing but owning the business.
Actually, it's not hypothetical. What do you think happened in Cuba, China, Russia etc...
Nothing even remotely close to what you're suggesting, and I find it difficult to believe that you really think otherwise.
That's not the question. The question is how much they should be compensated. Should they be compensated out of what labor produces or should they simply be compensated for the labor that they perform, and the risk and depreciation of their capital?
Maybe you should re-read what you've typed here and ask yourself if that's what you meant. Because as it stands, you haven't presented dichotomous choices and the obvious answer to both is "duh, yes".
That's ridiculous. We are discussing the amount of fair compensation. Not whether he should be compensated or not.
So again I ask you. What is wrong with all of deciding that the capitalists will no longer be compensated for this thing that isn't their work and losses to their capital?
So again I ask you. What is wrong with all of deciding that the capitalists will no longer be compensated for this thing that isn't their work and losses to their capital?
Same problem here. Take a step back and think about it for a minute. First, if you agree that compensation needs to be paid, where do you propose it comes from? And second, think about how risk compensation works.
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