What?! My very generic Marxist view didn't provide enough details?! :D — Moliere
Saying physical laws exist somehow out in the universe somewhere without people is just old fashioned idealism. — T Clark
I think it’s important to distinguish between personal possessions and ownership for profit. — Jamal
The problem is that workers of all stripes are shut out of decisions and in fact have zero input whatsoever on how the profits which they helped generate are divided up.
— Mikie
The amount the workers are paid is no more determined by fairness than is the amount the owners are paid nor is a fairness standard used to determine the cost of the good or service. — Hanover
It's all supply and demand. — Hanover
This is to say it's not a decision making process that relies upon fairness that determines the price of goods, the price workers will make, and the profits the owners will take, but it's a business decision that will determine the viability of the business and whether it will be able to survive based upon the way all earnings are distributed. — Hanover
Well then that's to do, not with the distribution, but the power of the participants to freely negotiate. — Isaac
I'm arguing that there is no 'right' way to distribute the profits of a co-operative enterprise, but there is a right amount of freedom to negotiate. — Isaac
Your target is off. It's not the outcome that's at fault, it's the conditions of coercion which lead to such outcomes. — Isaac
There's no profit distribution that's automatically right or wrong, it's about the degree of coercion, the power imbalance in those negotiations. If we removed that, a 90% split to investors could still be right, if that's what everyone freely agreed. — Isaac
What is your explanation for existence? — Benj96
Is this really the extent of your moral behavior, your deep caring? — NOS4A2
ascribe to me views I do not espouse and do not hold. — NOS4A2
I think it depends on whether this is a closed system of 100 people, or 100 people in a much larger populous (market) as well as whether the product is essential (a food source/food/shelter) or a luxury item.
Can you clarify those parameters? — Benj96
But notice how it's not a fault of the board, then. It's just what it takes to have a business win the game. — Moliere
Capitalism is the more general structure and environment within which actors -- be they corporations, states, individuals, or groups -- act. — Moliere
I didn't say there was no answer, I said there was no moral weight to it. There's no way it ought to be done. There are, of course, multiple ways it can be done. — Isaac
I don’t think distributing 90% of profits to shareholders is fair, and I don’t think the undemocratic decision making process that leads to that distribution is fair either.
— Mikie
So why not? — Isaac
But we can't determine a fair distribution objectively either because it relies on the value of scarcity and risk, and those evaluations are subjective. — Isaac
Guess you do support collectivism after all. :up: — Mikie
Proof positive that you voted for a collectivist — Mikie
According to you and your imagination. — NOS4A2
Never figured Trump for a collectivist. The difference is that I didn’t vote for it and you did.
Guess you do support collectivism after all. :up:
— Mikie
I’m glad I did vote for it. It achieved all I ever wanted and more.
— NOS4A2 — Mikie
The reason I asked is because I do not believe their ideas have ever been truly implemented. — Tzeentch
Laissez-faire capitalism doesn't exist in the modern age. — Tzeentch
While it's true that many of the thinkers you listed named government as the problem, when in our lifetimes have we ever seen a substantial decrease in government spending in the western world? I don't think that has ever happened. — Tzeentch
I think appointingliberalism or individualismcollectivism as the scapegoat is far too easy, and not supported by much evidence. — Tzeentch
The result is governments that are incapable of carrying out their primary tasks towards their citizens, while simultaneously having forged an unholy alliance with big business against the ordinary man. — Tzeentch
As far as I know, elaborate conceptions of the self are common in some of the oldest philosophical texts known to man, like those stemming from the ancient Indian and Hellenistic periods. — Tzeentch
If we suppose that the human being desires something to care about (presumably other people) and this is vitally important for the human being's happiness, how can caring not be in his self-interest? And doesn't that confirm what I stated earlier, that pursuing one's self-interest often times involves the well-being of others around us? — Tzeentch
]Never figured Trump for a collectivist. The difference is that I didn’t vote for it and you did.
Guess you do support collectivism after all. :up: — Mikie
I’m glad I did vote for it. It achieved all I ever wanted and more. — NOS4A2
Nice. So you're a proud fascist and collectivist. Yet you rail against the latter. — Mikie
You’re just making stuff up now. — NOS4A2
Turns out most people who talk about “self interest” (Friedman, Hayek, Mises, Sowell, Ryan, etc.) just happen to advocate for policies that have eroded democracy and lead to inequality not seen since the pharaohs.
— Mikie
Is that so? Please explain when their ideas were adopted, and how it led to the problems you describe. — Tzeentch
But before you do that, perhaps you might also want to explain how exactly individualism relates to liberal economic theory, because that link isn't immediately apparent to me. — Tzeentch
The very idea of self is a fairly recent invention.
— Mikie
Recent meaning invented within the last three-thousand years? — Tzeentch
Then what would you argue is the default state? — Tzeentch
Guess you do support collectivism after all. :up: — Mikie
I’m glad I did vote for it. It achieved all I ever wanted and more. — NOS4A2
This is facile. — Fooloso4
Racism and slavery, fascism and communism, war and nationalism, were some of the worst products of collectivism. — NOS4A2
Pursuing self-interest and being selfish are not the same. — Tzeentch
Why this resentment towards the most natural drive imaginable? — Tzeentch
we are all secretly selfish assholes — Tzeentch
You gave the example of Mao and communists China. Can you offer a similar example for individualism or is what you’re talking about merely theoretical? — praxis
think I'm resistant to the notion of responsibility really applying. — Moliere
I am merely noticing that throughout this thread you
1. Advocate the reversal of global warming by suppressing those activities that contribute to global warming.
2. Advocate that the workers be paid more than what's enough to eat, pay for healthcare and live. — god must be atheist
Basically, I'd say that the structure of property over-rides any commitment a shareholder may have. They may look like they have power, but I'd say it's ephemeral. — Moliere
I think possibly the counterargument being made here is that the distribution of profits doesn't have a moral component - in other words, there's no answer to "how ought the profits be distributed?" — Isaac
In all kinds of cases. — ssu
f this is truly the state of things, the question becomes: is it just? Has it always been this way?
— Mikie
I think you are confusing two things here. — ssu
and (2) are decided by class, I think. — Moliere
Likely those people who own the property — ssu
those who buy the stock then decide what to do with the profits — ssu
Mikie actually knows this, but somehow cannot integrate it into his economic understanding. — unenlightened
100 people who contribute to producing something automatically incur a debt to the rest of the world for the value of the resources they have appropriated to themselves, and the damage they have caused to other resources, ie the environment. — unenlightened