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by miltonlost 23 days ago
No, they provide capital. It's the workers who provide value to the company.
2 comments

arguably, capital is also value.

If you have a machine that makes widgets, which requires people to operate, the machine (capital) without anyone operating it (labor) is worthless, but if you have people (labor) without any machine (capital), you won't have any widgets.

I feel like this is one of those situations where "the whole is larger than the sum of the parts" - combining the power of capital and labor, you get much more value than just capital or just labor.

Of course, this does NOT imply that "I provided the capital, it couldn't have happened without me, ergo I deserve all the rewards" is true, even if, if we look at the history and current state of the world, generally speaking it is more advantageous to provide capital than it is to provide labor.

Yes, but capital only has value traced back to the product of labor and production
It's hard to explain why entrepreneurs want capital so much if it provides zero value. They're all stupid and doing something they ought not to?
> It's hard to explain why entrepreneurs want capital so much if it provides zero value

Because they want to abuse people. If they wanted to provide value they would have found a skill

So they can hire workers. Without whom more capital can't be produced
And why can money hire workers? Its because that money lets them get goods that was produced by previous investments. Without the investor class you wouldn't get large new projects organized. The alternative to private investments is communism, and we all know how that works out, it results in politicians hogging all the wealth and generally making even worse decisions with that money than the greedy capitalists does.

People prefer working for greedy capitalists since it generally pays better than working for the government.

The only reason capital has money is incompetence of our revolutionary ancestors. There is no evidence people with money deserve it. I say, let us at the least take everything they own and redistribute it reasonably, and let us see who the real investors are. We should probably repeat this process every six months or so until society can stabilize