LibDave » 29 Dec 2021, 6:45 pm » wrote: ↑
Your use of the term exploit is misplaced. Was Michael Jordan's labor EXPLOITED by the Bulls Franchise? He wasn't FORCED to play basketball. Many might think Michael Jordan exploited the Bulls.
Your understanding of the term exploit seems limited to connotations. I used it for denotative purpose.
According to your own post, the owner of the bulls ABSOLUTELY exploited the labor and talents of his star player - as well he ought.
And yes, Jordan exploited the Bulls. As well he ought. No harm no foul on either side.
It just wasn't **** capitalism, is all.
LibDave » 29 Dec 2021, 6:45 pm » wrote: ↑
I understand the stock market. Do you? It is nothing more than shared risk where I pay for the rights to a portion of the wealth generated by a company and the capital it is in possession of. Do you know where the terms stocks and bonds originated?
It is "nothing more" than that, ya say?
You clearly do NOT understand the stock market.
At all. It is so much more than that reductionist twaddle.
Here, take a look at this OP from some years back:
Cannonpointer » 02 May 2014, 10:35 pm » wrote: ↑
Instead of definitions, let's talk functions.
Look at the materials required to construct a solar panel.They cost about $200.00. Add a day's labor to that $200.00, and you've got yourself a solar panel. You could sell it for $400.00, and you've got yourself a job. So, why isn't anyone doing it? We live in a free enterprise economy, do we not?
Not.
We live in a capitalist economy, which games the system to PREVENT free enterprise. You are not allowed to sell your solar panels without a stamp of approval from Underwriters Laboratories -and they are gate keepers for Wall Street. The cost of shaking hands with UL prevents free enterprisers from operating in that market -and the same thing is going on in almost every market. The little guy is locked out by the engineered and manipulated expense of sitting at the table - locked out. Only Wall Streeters, using OTHER PEOPLES' capital, can afford to play in the game.
We need to go back to a free enterprise economy, where the little guy does not face unsurmountable obstacles to starting a small business.
Now, you tell me what is off about the OP above, or you cannot continue to blithely assert that capitalism is "nothing more" than "bla bla bla."
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