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So you've gone from their job is only putting money in their pockets to them possibly putting money in their pockets but also taking risk of losing that money.
Poor analogy, casino gambling has negative odds. If you have more capital you have in play, the more you'll lose over time.
Risking capital to gain capital is the same basis by which gambling exists, just because the odds are different doesn’t make the fundamentals any different.
And managing capital is the same and the goal is the same, funneling money into your own pocket. Moving around capital that is performed by laborers is not production.
How come whenever any of these threads come up, the most common rebuttal is to start your own business if you do not like it, when the highest paid CEOs did not start the business.?
Did Lloyd Blankfein or Jamie Dimon start Goldman Sachs or JPMorgan?
Also, another rebuttal to the pay CEOs get is they take the risk so deserve a big reward.
That may be true for a small business owner but with big corporations or banks like Goldman Sachs, during down times, the risk gets passed down to workers while the CEO gets a bonus for doing so, there was a reward, not risk for the CEO.
And if a Big Bank like Goldman Sachs were to go bankrupt, the CEO would walk away with a golden parachute. I am looking for the downside for the CEO and do not see it.
A company run democratically for its workforce would be less effective than the US Govenrment. You would call that company bankrupt and far far faster than Sears.
That’s why they have the suggestion box at work to make the employees feel empowered!
Ahh the effective argument.
What you actually mean by ‘effective’ is whatever maximizes profit for shareholders the quickest and to the largest extent.
The goal of cooperative work (as it should be) is based on mutual aid and creating wealth for workers while benefiting the community. These concepts are foriegn to people who are raised to believe maximizing production is required to benefit sales, despite the fact that these wasted resources hurt the overall environment and are not produced with the intention of benefiting the community.
Wow. Thanks for all your posts. It's been a long time since I've seen someone attempt to pass off this much gibberish and gobbledygook as economics theory.
Yeah, I know arguing against corporations controlling the majority of capital is extreme for someone who is brainwashed in believing that we need people working for their own profit to keep Americans out of poverty instead of Americans working for themselves and among themselves to benefit wider society.
Competing statements. Executives control the output through budgeting and capital allocation plans that are approved by the board of directors. The board of directors are individuals elected by shareholders. We'll leave out the Googles and other companies where the founders control the companies. So the shareholders, who are the owners, own and control the output.
How many business were responsible to giving shareholders a cut of the money in our countries history timeline?
Most small business were started with savings, did not have stocks on wall street, number one was the customer,not shareholders.
That was a time when Made In America meant something.
The customers got high quality goods and the workers were paid well.
Contrast that to today where customers get low quality crap and workers wages have stagnated so that shareholders can get a cut of other peoples money.
With the financialization of everything, it is impossible to take out the middle man shareholders in my purchases.
Finding another country would accomplish that objective, it's called a win-win.
For your credit union post, is every customer managing the credit union? Are all the employees of the credit union paid the same? Do they get to vote on their own wages? Do they get to vote on who gets hired or fired? Do they get to vote on opening or closing new branches? Do they get a say in the annual budget?
How is the capital surplus allocated when it's distributed, per capita or based on deposits?
If evergreen is so popular, why is Ohio losing residents?
Being paid the same has nothing to do with input=output. And while it may be surprising to you but production centers that give worker/costumer control over production tend to be more effective in supporting the common wealth than private corporations.
Do credit unions have all the factors you list, no. They are a bank, not a production center. But you know that already, similarly evergreen is still a capitalist institution, but one being owned by the workers.
Evergreen is still relatively small but growing, the reason it exists is because the private and state industries have left their community to dry. That model of large companies deciding which communities are to prosper and which are to fail is the exact reason evergreen exists. It’s a claim that a community should be allowed to create wealth for itself. Furthermore Evergreen only operates are Cleveland, not all of Ohio (yet).
It's not a matter of what they deserve, it's a matter of what their labor is worth in the market.
And that labor is based more on supply and demand rather than skill.
That is why a factory worker could live the middle class lifestyle in the 70s
That is before banking and corporate lobbyists went out on campaign to become heavily involved in politics in order to increase the number of workers via trade with slave labor nations and encouraging illegals here in order to depress American wages and redistribute it to shareholders and upper management.
You said you want input to equal output. Now you are arguing something different, where input is less than output.
All of your arguments include only manufacturing of goods, but exclude services. Absent cash, how do I pay for a service that's sourced far away? Or am I limited to only what's available near me?
To quote Professor Kingsfield, you came in here with a head full of mush, but you won't be leaving thinking like a lawyer, because you are unwilling to consider any position that doesn't agree with your preconceived notions.
Again you mix up structure and compensation. Ideally when all excess goods are available to the public, production in cooperatives will create these goods and services while those who perform beyond the schedule labor output take the rest for themselves.
Similarly independent work like self farming all goes to yourself, and needs based services like plumbing, teaching, electric power maintenance, etc. are all handled by the subsequent syndicate (as all base goods are provided for). Other services for entertainment purposes by some individuals can still have a charge, but you don’t need cash for that.
But you are so invested in for profit production that you will never consider the concepts that I communicate to you. Furthermore current worker cooperatives required some degree of cash to retain production levels, but even then they benefit the workers and the community first. But you can’t accept that model because self profit for the executives and shareholders are your number 1 concern.
The commidization of labor should be made illegal and rather than a fine be issued, the law breakers should be sent to prison.
It is just meant to devalue labor as to make no one want to do it. That is the same basis everyone on this thread makes for their arguments, work is not desired but required.
Conversely if private capitalist didn’t control or extremely limit all labor and make it so that work is not a choice, production would be based on worker benefit.
Instead all we have today is private capitalist making wealth for themselves and all the people on this thread defending them (because they need to believe the richest in this country are responsible for the creation of wealth, even if all evidence suggests otherwise).
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