[sp332]

Anyone who owns the means but does not actually do the work of production. This is in contrast to a worker-owned structure. It leads to concentration of power, since the profit from many workers goes to one or a few owners. Each owner is more powerful than any one worker, so workers have to act collectively to have leverage.

[manigandham]

This is a fallacy. If you're going to talk about profit then you must also consider that the risk and loss also goes to owners while workers get paid either way.

This is something that should be rather simple to understand in the HN/Startup crowd. Considering that anyone can buy shares or start their own business, my point stands that this is the most non-exclusive club possible.

[asark]

> This is a fallacy. If you're going to talk about profit then you must also consider that the risk and loss also goes to owners while workers get paid either way.

I think you're falling into a set pattern of argument rather than looking at what's under examination and considering it on merit.

> This is something that should be rather simple to understand in the HN/Startup crowd. Considering that anyone can buy shares or start their own business, my point stands that this is the most non-exclusive club possible.

Please look back over the previous posts in the thread and consider the points that have already been raised.

[madamelic]

I don't think your point is going to get across.

You're talking to basically a huge crowd of well-paid individuals who can and do frequently swap between employment and self-employment, including employing others.

The people who these talking points might hit better with are people who don't have the capital, or access to such capital, to be able to do such things.

[asark]

> I don't think your point is going to get across.

Oh, I'm used to Internet discussions with folks of a certain mindset (I here carefully avoid a convenient, self-selected label that I suspect applies in this case, as its introduction is rarely helpful). They're incredibly common online and usually very eager to engage. Years and years of experience, here. I usually avoid it these days because it's almost always fruitless for all concerned, but felt like giving it a go this time.

> You're talking to basically a huge crowd of well-paid individuals who can and do frequently swap between employment and self-employment, including employing others.

Fussell's class-confused middle by socialized attitude, maybe, coupled with the income and means of his upper-middle and so especially off-kilter. "I'm a doctor, I make good money, I run my own practice, therefore the capitalist class is both what I'm part of and easy to join, so it's a silly and not very useful term". That sort of thing.

[manigandham]

I came from one of the poorest places in the world. I didn't have access to capital when I was born or young. I do have access now, and it's the ability to be a 'capitalist' under my own efforts which is responsible for that change.

This is why generalizations on audiences are pointless. Don't assume people are incapable of understanding an argument or empathizing with a perspective just because of their current place in life.

[jtolmar]

The workers also shoulder the risk. If a business goes under, they lose their jobs.

Ability to buy large quantities of shares is not "non-exclusive." Not everyone has money.

[manigandham]

That's not the same risk. That's a voluntary agreement of work in exchange for cash, and either side can stop at anytime. Legal and contractual obligations like pensions and severance can also be layered on. What assets and liabilities that employee has in their personal life doesn't factor into calculation, they could be independently wealthy for all you know.

Also why does it have to be "large quantities"? Buy 1 share and you're a part owner. Many large companies have stock plans. It's not rare and if you're an employee then by definition you "have money" from working.

[asark]

> Also why does it have to be "large quantities"? Buy 1 share and you're a part owner. Many large companies have stock plans. It's not rare and if you're an employee then by definition you "have money" from working.

Because the distinction is whether one's primary activity is using capital to gain income, versus working for pay. "Ah but a worker may own some shares!" isn't important. It's tough to nail down color names at transition points, too, but you add a tiny bit of white to some very red paint and no-one's gonna start calling it pink. It's still red.

[EDIT] at the heart of the misunderstanding, here, is a false syllogism, I think. "Pink paint is red mixed with white, you mixed some white in this red, therefore it is now pink"; "The capitalist class own capital, this worker owns some capital, therefore this worker is part of the capitalist class"; "The capitalist class owns capital, this guy owns and operates a hot dog stand, a hotdog stand is capital, therefore this guy is part of the capitalist class". It's quite similar to another that's often seen: "Mugging is taking something by threat of force, governments ultimately back taxation with the threat of force, therefore taxation is the same as mugging" or variations that end up at at some form of "taxation is the same thing as theft, so your thinking is inconsistent if you don't transfer all your bad feelings about theft to taxation, as well".

[manigandham]

This thread was about the term, and that's the definition. If you have to change it to "you'll know it when you see it" then perhaps the definition is not so useful. The biggest companies have started from the smallest of ventures so your personal perception of size and importance has nothing to do with the term's qualification.

And no taxes are not theft, they are a contract in exchange for citizenship and sovereignty of the nation. Evading taxes is theft, by you from the government.

[asark]

> This thread was about the term, and that's the definition. If you have to change it to "you'll know it when you see it" then perhaps the definition is not so useful. The biggest companies have started from the smallest of ventures so your personal perception of size and importance has nothing to do with the term's qualification.

You keep ignoring important parts of what's commonly considered the defining properties of the capitalist class, to make the idea seem less useful and much more slippery than it is. Or maybe taking that one sentence from WP as the entirety of the definition, period (though, again, ignoring important parts of that, even). I'm not sure you're going to find what you need to understand the concept, if you're interested, in an HN discussion.