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by WalterBright 971 days ago
Don't overlook the "slices" taken by the employees and everyone else who provides goods and services to your business.

> it's the threat of dying of hunger that provides the incentive to produce.

And then you contradict it with:

> creates incentive to capture as much value as possible

1 comments

I'm not contradicting anything, you just didn't get the distinction:

Incentive is to capture value, not create it. Workers create value because they have no other choice, but the system encourages capturing of value on a large scale. Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value.

> Workers create value because they have no other choice

Of course they have a choice. They're not slaves.

> Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value.

You can't collect wealth that is not created.

> Of course they have a choice. They're not slaves.

Yes, they have a choice to be homeless and/or die of starvation. What a choice.

> You can't collect wealth that is not created.

By that logic, slavery is also a great system because it also creates value.