not really. a small profit accounts for the risk and work involved in obtaining it. Problem is to often its way outsized and if not the secondary objective is massive loss for the public sector to shoulder.
turns out that the ultra wealthy losing 99% of their money is actually not going to hurt them nearly as much as you or i losing even 25% of our savings.
calling that “risk” is like saying i took a “risk” walking outside without an umbrella today, and using the fact that i got wet as an excuse to firehose like 800 other people.
moving further into nuance, i do believe that investment should be rewarded when successful under capitalism. we probably agree on this point.
however, “rewards” in the form of long term fuck-you-money profit hundreds to thousands of times the magnitude of the non-owning laborer at the expense of those who built the business with their lives, is unacceptable and outright theft.
you know at first I thought you were way wack but I did reread and you did say corporations and I was looking it at more generally. ie. owning a business. that being said what I was arguing really was your last line about profit being theft which as a generality is wrong but yeah large corporations making obscene profit is wrong.
yeah, while there is crossover, profit is not the same thing as meet and appropriate compensation for investment. profit is strictly defined as revenue minus costs. businesses that pocket huge sums of profit in the form of executive compensation or stock buybacks are evidence that costs are far too low, that there is theft of cash that should rightfully be reinvested to the creators of that revenue value, that is, the laborers.
you have some other weird definitions of what being a corporation means going on, but it’s not altogether important to my point so i’ll leave us at this weird fortunate agreement lol.
In the context of capital owners, financial "risk" only refers to the potential loss of excess capital beyond what's necessary for survival. Meanwhile, for laborers, it can mean risking everything, including basic needs like shelter, food, and healthcare, in case of financial setbacks. There is incredible disparity in consequences between the two groups when facing financial challenges, both in raw value and in the number of lives at stake.
Guess why I find one to be more of a problem than the other. 🙄
if a worker loses money they risk becoming a poorer worker. is the worked paid? do they have money? what level of money makes one a capitalist? in your world. I had someone else come along with similar concerns but they seemed to just be talking about corporations which I kinda get then but commerce happens on all levels.
so workers do not own anything they make profit off of? Like a car they use to do uber rides? in this world. that is what you think? you think that is reality?
Uber drivers are gig workers, and firmly in the Proletariat. They ultimately use and depend on Uber's infrastructure and Capital. Owning a car for personal use and also using it for your job you work for a wage for does not mean you profit off of ownership in the manner a Capitalist profits off the work of others.
Ill accept it for the arguments sake. How about a homeowner that rents out a room and they only advertised with a sign in the window they bought themselves. They also have a job keep in mind. The rent from the room does not exactly pay all their needs it just offsets the mortgage. Are they workers?
Petite bourgeoisie. Capitalists that do not drive enough income to survive without working. It's a bit muddier than this, with respect to their personal job their power dynamic is clearly Proletarian, but they are attempting to escape that dynamic and become full bourgeois via landlording.
yes. arguably if profit is actually paid out to employees it’s no longer profit as it’s reinvestment into the laborers and thereby becomes a cost. but yes, that’s just semantics and i agree :)
But, but, but – I plan on joining the elite in 10 years by working hard & smart & grinding & then when I get there I want to be able to lord it over the plebes when I do. If we eliminate the underclasses then you’re taking away my future enjoyment after I certainly attain my sadistic goals.
Oh but wait. I’m actually in my mid fifties and I’ve been grinding for 30 years and I’m just middle middle class which means I’m 99.999% closer to being a penniless bum than ruling class wealthy. Uh oh. Seems I’ve wasted my life.
About the best I can do now is assure the future leftist revolutionaries that they can hide out at my place when the police are after them.