A worker is never paid for all of the value they create. If you create $100 of value for a company, that company must pay you less than $100 for it to still be profitable. That is how capitalism works, it is how it is designed to work. That is capitalism working properly. The only question then, within capitalism, is how much monetary currency are you paid as a percentage for the economic value you create? It is the legal framework that determines who is rich, not how hard you work or the amount of value you create. A bank may take your home because it can afford the legal costs to do so. Where as most people risk loosing their homes if they have to go into a long court process. Capitalism, socialism, communism are just systems of legal and economic frameworks. They all suffer from the same problem, people not being compensated fully for the value they create. We need another way
Posted on: Fri, 31 May 2013 20:13:09 +0000
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