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by sershe
1566 days ago
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At some point, maybe. Let's say we are subsistence farmers (as close to self sufficient, pure labor as it gets), and I spend extra time on the side to raise an ox. I cannot utilize the ox to its full potential myself, but I can lend it to others and massively increase their labor productivity without much increasing their labor input (or even while decreasing it). The ox is capital. What creates the extra wealth from others' work here and who deserves to keep it? I'd argue that if it decreases labor input I "deserve" 100% of the wealth differential, or close to 100% otherwise. That labor gets a lot of it is really unfair, although I do admit it's a necessary evil. |
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