
I am intrigued. Please do tell of a better economic system.LowIQTrash » 15 May 2023, 9:21 pm » wrote: ↑ 1. Capitalists create value
Capitalist (n): kăp′ĭ-tl-ĭst
(Source: Me)
Someone who invests his or her own capital (land, money, tangible resources, intellectual property, or some combination of the above) into an asset with the primary goal of asset appreciation, positive cash flow, or both. The predominance of investing capital (rather than labor) is what separates capitalists from the self-employed/micro-businesses/wagie slavies.
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When you ask someone who is in love with capitalism (typically a hard-core libertarian) what makes capitalism so great, they will give a canned response...one of these is that capitalists "innovate" and improve our lives. And by "innovating" they can "create value" so people can enjoy a higher standard of living.
Or freedumb. Freedumb seems to be the 2nd most frequented, canned response. If you ever dare imply any negativities regarding capitalism, you hate freedumb.
Freeeeeeeeedddddddduuuuuuuummmmmmbbbbbbbbb!!!1111
The problem is that this argument is ****.
The overwhelming majority of capitalists do not/did not CREATE value.
They may have delivered value...they may have unlocked value...they may have employed market arbitrage...they may have used rent seeking to obtain profits...but they did not create value.
When I (or anyone with a reasonable level of intelligence) talk about "creating value," I am talking about inventing objects, frameworks, or techniques like irrigation, steelmaking, refrigerators, nails, cameras, transistors, steam engines, showers, w/e.
These are what truly advance living standards/quality of life.
With a small % of exceptions, inventors are NOT capitalists. They either do not have the prerequisites (no super rich family, no angel investors, no "lucky break," etc.) or the interest/time to focus on capital growth while still inventing. They are focused on creating something new and useful, which is the true source of value.
========================================================
Sorry folks, but starting a diner serving eggs, bacon, and pancakes from 6 AM - 2 PM Mon-Sun and having to constantly shuffle among new workers due to "high staff turnover" while complaining "Nobody wants to work" on some Facebook Boomer-dominated "business owner group" is not "creating value."
This diner is DELIVERING value to customers (probably on 3+ medications for diabetes, high blood pressure, and atherosclerosis). It created ZERO value.
The real "value" (eggs, bacon, and pancakes fried in disgusting, cheap, hydrogenated vegetable oils) was invented decades ago.
Oh, and by the way, there are at least 5 diners within every 20 sq miles across America where humans actually live. Same with pet grooming stores, grocers, cleaning businesses, auto body shops, whatever.
=======================================================
Many of you unintelligent heathens will read this and get offended. The smart people will read this and laugh (because everything I said in this post is true).
So before you jump the shark, let me explain:
Same old school semantics as peepee.LowIQTrash » 15 May 2023, 9:21 pm » wrote: ↑ 1. Capitalists create value
Capitalist (n): kăp′ĭ-tl-ĭst
(Source: Me)
Someone who invests his or her own capital (land, money, tangible resources, intellectual property, or some combination of the above) into an asset with the primary goal of asset appreciation, positive cash flow, or both. The predominance of investing capital (rather than labor) is what separates capitalists from self-employed/micro-businesses/wagie slavies.
====================
When you ask someone who is in love with capitalism (typically a hard-core libertarian) what makes capitalism so great, they will give a canned response...one of these is that capitalists "innovate" and improve our lives. And by "innovating" they can "create value" so people can enjoy a higher standard of living.
Or freedumb. Freedumb seems to be the 2nd most frequented, canned response. If you ever dare imply any negativities regarding capitalism, you hate freedumb.
Freeeeeeeeedddddddduuuuuuuummmmmmbbbbbbbbb!!!1111
The problem is that this argument is ****.
The overwhelming majority of capitalists do not/did not CREATE value.
They may have delivered value...they may have unlocked value...they may have employed market arbitrage...they may have used rent seeking to obtain profits...but they did not create value.
When I (or anyone with a reasonable level of intelligence) talk about "creating value," I am talking about inventing objects, frameworks, or techniques like irrigation, steelmaking, refrigerators, nails, cameras, transistors, steam engines, showers, w/e, since these are what truly advance living standards/quality of life.
With a small % of exceptions, inventors are NOT capitalists. They either do not have the prerequisites (no super rich family, no angel investors, no "lucky break," etc.) or the interest/time to focus on capital growth while still inventing. They are focused on creating something new and useful, which is the true source of value.
=========================
Starting a diner serving eggs, bacon, and pancakes from 6 AM - 2 PM Mon-Sun and having to constantly shuffle among new workers due to "high staff turnover" while complaining "Nobody wants to work" on some Facebook Boomer-dominated "business owner group" is not "creating value."
This diner is DELIVERING value to customers (likely on 3+ medications for diabetes, high blood pressure, and atherosclerosis). It created ZERO value.
The real "value" (eggs, bacon, and pancakes fried in disgusting, cheap, hydrogenated vegetable oils) was invented decades ago. You are just repeating the motions.
=========================
Many of you unintelligent heathens will read this and get offended. The smart people will read this and laugh (because everything I said in this post is true, and they already figured this out eons ago).
So before you jump the shark, let me explain:
There's nothing wrong with delivering value, unlocking value, or whatever. There is nothing inherently wrong with making money.
Everybody, from the lowest Negro living in the war-torn Congo to wealthy Jooz in Switzerland (and especially the Jooz) wants 'MO MONEY!!!!!
(The tiny hatters LOVE 'MO MONEY!!!! They've been like that for over 2000 yrs...almost like it's embedded in their genes!)![]()
That's not the issue.
I am simply asking you to stop pretending that, in your desire to make money, you are some holy angel whose presence has bestowed upon humanity bottomless benefits, when in reality you are just another self-interested, enlightened midwit.
see two minds aren't better than a natural brain adapting in space as mutually evolving forward in plain sight.Nostradamus' omh » 16 May 2023, 6:29 am » wrote: ↑Same old school semantics as peepee.LowIQTrash » 15 May 2023, 9:21 pm » wrote: ↑ 1. Capitalists create value
Many of you unintelligent heathens will read this and get offended. The smart people will read this and laugh (because everything I said in this post is true, and they already figured this out eons ago).
So before you jump the shark, let me explain:
There's nothing wrong with delivering value, unlocking value, or whatever. There is nothing inherently wrong with making money.
Everybody, from the lowest Negro living in the war-torn Congo to wealthy Jooz in Switzerland (and especially the Jooz) wants 'MO MONEY!!!!!
(The tiny hatters LOVE 'MO MONEY!!!! They've been like that for over 2000 yrs...almost like it's embedded in their genes!)![]()
That's not the issue.
I am simply asking you to stop pretending that, in your desire to make money, you are some holy angel whose presence has bestowed upon humanity bottomless benefits, when in reality you are just another self-interested, enlightened midwit.
peepee » 16 May 2023, 6:45 am » wrote: ↑
well at least your name fits.LowIQTrash » 15 May 2023, 9:21 pm » wrote: ↑
Someone who invests his or her own capital (land, money, tangible resources, intellectual property, or some combination of the above) into an asset with the primary goal of asset appreciation, positive cash flow, or both. The predominance of investing capital (rather than labor) is what separates capitalists from self-employed/micro-businesses/wagie slavies.
====================
When I (or anyone with a reasonable level of intelligence) talk about "creating value," I am referring to inventing objects, frameworks, or techniques like irrigation, steelmaking, refrigerators, nails, cameras, transistors, steam engines, showers, vibrators for desperate women, or w/e.
With a small % of exceptions, inventors are NOT capitalists. They either do not have the prerequisites (no super rich family, no angel investors, no "lucky break") or the interest/time to focus on capital growth while still inventing. Creating something new and useful is the true source of value.
=========================
Starting a diner serving eggs, bacon, and pancakes from 6 AM - 2 PM Mon-Sun and having to constantly shuffle among new workers due to "high staff turnover" while complaining "Nobody wants to work" on some Facebook "business owner group" is not "creating value."
This diner is DELIVERING value to customers (likely on 3+ medications for diabetes, high blood pressure, and atherosclerosis). It created ZERO value.
The real "value" (eggs, bacon, and pancakes fried in disgusting, cheap, hydrogenated vegetable oils served in a non-residential establishment) was invented decades ago. You are merely renting a property and employing surly workers behind on their rent payments in the meantime.
=========================
Many of you unintelligent heathens will read this and get offended. The smart people will read this and laugh (because everything I said in this post is true, and they already figured this out eons ago).
So before you jump the shark, let me explain:
There's nothing wrong with delivering value, unlocking value, or whatever. There is nothing inherently wrong with making money.
Everybody, from the lowest Negro living in the war-torn Congo to wealthy Jooz in Switzerland (and especially the Jooz) wants 'MO MONEY!!!!!
I am simply asking you to stop pretending that, in your desire to make money, you are some holy angel whose presence has bestowed upon humanity a sanctum of benefits, when in reality you are just another self-interested, enlightened midwit pursuing comfort.
nah, you just find wall to wall GULAGS in Siberia where prisoner slaves work until they drop dead fromSumela » 15 May 2023, 9:28 pm » wrote: ↑ I am intrigued. Please do tell of a better economic system.
Russia's and China's large domestic social net mixed with State Capitalism
seems to work well. No country has been sanctioned like Russia over an
9 year period....and it only made the stronger.
You will not find countrywide homeless camps in Russia or China.
The West is littered with crime, desperation, and homelessness.
Sounds like American *** and wetback prisons..right?? :die:nuckinfutz » 22 May 2023, 9:38 pm » wrote: ↑ nah, you just find wall to wall GULAGS in Siberia where prisoner slaves work until they drop dead from
freezing to death, or exhaustion! Millions of them! The Gulags become their home, that's why there is no homeless!
Since everyone is equally conceived, let there be an equal pay for every lifetime added.LowIQTrash » 22 May 2023, 8:20 pm » wrote: ↑ 4. Underemployment
Onto the second point, you would THINK people who claim they have a grasp of "basic economicKs" (and who frequently mock socialists/leftists for lacking such understanding) would acknowledge that, maybe, just maybe, when wages (adj for REAL INFLATIoN) haven't budged in 40+ years, that would indicate UNDERemployment isn't the problem. If anything, there are too many people in the workforce competing for scraps.
But irony reigns.
That's right. They do. I agree with this. Thinkers are valued over workers, simply because there are way more low-IQ workers than high-IQ thinkers. Anyone can press a series of buttons, turn 3 screws in a particular order or carry a parts-bin from point a to point b. Not everyone can convince Americans to buy an electric car they don't need.
ha ha ha ha ha ha. Exactly why every reality is absolutely corrupting each generation gap alive, individually living specifically here now.Skans » 23 May 2023, 9:02 am » wrote: ↑ That's right. They do. I agree with this. Thinkers are valued over workers, simply because there are way more low-IQ workers than high-IQ thinkers. Anyone can press a series of buttons, turn 3 screws in a particular order or carry a parts-bin from point a to point b. Not everyone can convince Americans to buy an electric car they don't need.
This^LowIQTrash » 15 May 2023, 9:21 pm » wrote: ↑ 1. Capitalists create value
Capitalist (n): kăp′ĭ-tl-ĭst
(Source: Me)
Someone who invests his or her own capital (land, money, tangible resources, intellectual property, or some combination of the above) into an asset with the primary goal of asset appreciation, positive cash flow, or both. The predominance of investing capital (rather than labor) is what separates capitalists from self-employed/micro-businesses/wagie slavies.
====================
When you ask someone who is in love with capitalism (typically a hard-core libertarian) what makes capitalism so great, they will give a canned response...one of these is that capitalists "innovate" and improve our lives. And by "innovating" they can "create value" so people can enjoy a higher standard of living.
Or freedumb. Freedumb seems to be the 2nd most frequented, canned response. If you ever dare imply any negativities regarding capitalism, you hate freedumb.
Freeeeeeeeedddddddduuuuuuuummmmmmbbbbbbbbb!!!1111
The problem is that this argument is ****.
The overwhelming majority of capitalists do not/did not CREATE value.
Capitalists deliver value, unlock value, employ market arbitrage, sell fraudulent products/services, or rent-seek, but they typically do not create value.
When I (or anyone with a reasonable level of intelligence) talk about "creating value," I am referring to inventing objects, frameworks, or techniques like irrigation, steelmaking, refrigerators, nails, cameras, transistors, steam engines, showers, vibrators for desperate women, or w/e.
With a small % of exceptions, inventors are NOT capitalists. They either do not have the prerequisites (no super rich family, no angel investors, no "lucky break") or the interest/time to focus on capital growth while still inventing. Creating something new and useful is the true source of value.
=========================
Starting a diner serving eggs, bacon, and pancakes from 6 AM - 2 PM Mon-Sun and having to constantly shuffle among new workers due to "high staff turnover" while complaining "Nobody wants to work" on some Facebook "business owner group" is not "creating value."
This diner is DELIVERING value to customers (likely on 3+ medications for diabetes, high blood pressure, and atherosclerosis). It created ZERO value.
The real "value" (eggs, bacon, and pancakes fried in disgusting, cheap, hydrogenated vegetable oils served in a non-residential establishment) was invented decades ago. You are merely renting a property and employing surly workers behind on their rent payments in the meantime.
=========================
Many of you unintelligent heathens will read this and get offended. The smart people will read this and laugh (because everything I said in this post is true, and they already figured this out eons ago).
So before you jump the shark, let me explain:
There's nothing wrong with delivering value, unlocking value, or whatever. There is nothing inherently wrong with making money.
Everybody, from the lowest Negro living in the war-torn Congo to wealthy Jooz in Switzerland (and especially the Jooz) wants 'MO MONEY!!!!!
(The tiny hatters LOVE 'MO MONEY!!!! They've been like that for over 2000 yrs...almost like it's embedded in their genes!)![]()
That's not the issue.
I am simply asking you to stop pretending that, in your desire to make money, you are some holy angel whose presence has bestowed upon humanity a sanctum of benefits, when in reality you are just another self-interested, enlightened midwit pursuing comfort.