Hacker News new | ask | show | jobs
by datapimp 5772 days ago
Since Capitalism ultimately depends on the social relationship between owners and workers, where owners purchase the output of worker's activity for less than they sell it to an outside party that desires that output, accumulating and reinvesting the difference ( i.e. Capital ) I think that is a much more important attribute to focus on than the means Capitalist organizations use to determine prices. ( Markets vs State Planning ). The argument you are repeating is a distraction from this central fact.

From the point of view of the 95% who have no Capital, the 95% who only have their ability to exchange labor for currency, life is fundamentally the same. >40 hours a week traded to somebody else for the currency I need to pay for food, shelter, and entertainment. The value I create in that 40 hours is always greater than I was paid, and the difference is always accumulated by a better connected and more socially powerful minority. Markets and State Planning are superfluous details in this equation.