808
If you're feeling left out it's probably because you defend billionaires who would mince you into fertilizer
(lemmy.world)
this post was submitted on 11 Oct 2023
808 points (82.4% liked)
Memes
45680 readers
1988 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Im not wealthy by any means, though the wealth cant be the deciding factor, can it?
If Im a student with a savings plan (one where you put aside money every month and invest it [not sure if thats the correct Engkish term]) so it grows over time, am I a capitalist in your opinion?
The finished product is worth more than what their labour produces, otherwise they could just sell the product themselves. Because the organization, strategy, marketing and the needed capital for all of that are values in itself.
A quick question about that trading example, as far as I know market manipulation is illegal so using that to your advantage wouldnt worky right?
According to the goofy dictionary definition were working with, wealth is a requirement.
That definition doesn’t talk about the relationship between wealth and extracted profits because getting to the bottom of that relationship ultimately ties the two together. There’s no space to explain that if you own productive capital, you’re by definition wealthy.
If we wanted to examine your retail investment portfolio under a broader definition, you could possibly be considered the most petit-ist of bourgeoise under some circumstances, but generally if you have to work for a wage or are expecting to have to work for a wage once your education is over then you’re not a capitalist. Participating in the securities market doesn’t change your relationship to the means of production.
If you made your living as a securities trader, that might be a different story.
I’m not sure what you’re saying about the labor and selling it themselves, but the organization, strategy and marketing are all labor that went into the production of the goods. The capital in the form of facilities and equipment are fixed costs like the raw materials used in production, so any profit from the sale is necessarily coming out of the value of the labor.
Good to know that market manipulation is illegal, surely there’s no examples of markets being manipulated in our recent memory!