Comments by "DeoMachina" (@DeoMachina) on "Unlearning Economics"
channel.
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@Doc51499 "Under capitalism people have been free to do as they please more or less"
This isn't true, we have to dedicate a substantial portion of our lives in the service of capital or we die.
"the overwhelming majority of millionaires and billionaires are what’s called “self made” meaning they started from either middle class or below"
I don't care what class billionaires were born into, I don't see why that's a huge deal.
"studies also show that any inherited wealth tends to dissipate by the time the self made individual’s grandchildren roll around."
This doesn't seem too important either? I don't care if Bezo's money will be spent before his great-grandchildren are born. I'm more worried about billionaires in 2020, not 2100.
"Without capitalism we’d never have cars or electricity or any number of things you take for granted."
You haven't attempted to back this claim up with any kind of reasoning. You're just assuming that because X was invented within a specific economic system, it could never have been invented in any other system. And yet scientific progress predates capitalism!
Regardless, the 'innovation' argument is a terrible one, given how often capitalism sabotages new technology and how few inventions are made without state-subsidised research. The fact is that research and development is a gamble, and shareholders hate gambling. Private industry is ludicrously inefficient in this way.
"Furthermore many communists believe that goods and services have an objective value and that all profit is therefore theft"
This isn't really what the labour theory of value means, but profit is actually theft, yes. The fact that I can work harder and earn the company more money without getting a proportional rise in compensation is proof of this. Because my boss DOES see more money when I work harder.
"as such the workers aren’t necessarily being exploited"
People are working themselves to death and still forced to live in crushing poverty. You are an extremist if you deny this is exploitation.
"The ability to own Private property is considered by many (myself included) to be a fundamental right"
And does your right to own property take higher priority than the right of other people to be alive? If not, then welcome to the revolution comrade!
And if it does? Then we can regard your rights the same way you regard ours.
"the undertaking of this task would require a totalitarian state"
Friendly reminder that if you protest the construction of an oil pipeline on your land, the police beat the absolute shit out of you and attack you with dogs.
If you protest police brutality, you will be tortured and beaten.
If you attempt to organise others, you will be assassinated.
Again, what am I supposed to be afraid of that isn't already happening? Make me a better offer, because if I'm going to get attacked by a police officer and thrown in jail I'd at least like to do it in a system where I don't get billed for it.
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