Comments by "Kim O\x27Brien" (@kimobrien.) on "Don't Expect Unions To Make a Comeback" video.

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  18.  @Artcore103  The weakness in capitalism is that the capitalist seek to make profits and that does not necessarily coincide with the creation of value. The capitalist are the involuntary promoters of modern industry. In doing so capital becomes ever more concentrated and monopolistic. Capitalism generates no wealth in and of itself which why all the modern capitalist economists must deny that the profits are created by labor. This is why the must mystify the creation of wealth. All the early classical economist including adam smith agreed with the labor theory of value. All this talk of how the government is interfering with the smart bosses is just so much nonsense designed to mystify how value is created. Anyone can play the role of the bosses fighting to make the biggest profits with the other industries. What they can't do escape the decline of industry when you run out of markets for products you can't sell at a profit and the international competition between the bosses of different capitalist seeking to make profits for their ruling class. You can't escape the creation of crisis and the drive to make the biggest profits until you end up in a situation like what the world economic forum cries about. All people like you talk about is how we need to give another bunch of capitalist the new opportunity to do the same thing those who proceed them did. How does going bankrupt help when you create an economic crisis like 2008? Sure lets all lock the doors send everyone home and wait for federal judges to decide whose fault the crisis was. Bezos took advantage of the possibility to centralise the search for products beginning with books using internet communications and computer technology. His ability to act as a middleman of gigantic proportions was made possible by the falling costs of computer technology. People such as yourself as easily mystified by numbers and machines.
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  39.  @Kitkat-986  Bosses compete for capital investment based upon rate of return. That's out of our control. You like to move as much labor into fly by night contracting and away from the actual industrial capital. Capitalism works to replace higher paid skilled labor with machines and unskilled labor. That's why "getting a skill" is not a real solution. The problem this also poses is the one of a declining rate of return on capital investment since labor is the source of profit while capital value rises and the labor time to produce goes down. These slumping profit rates in highly capitalised industries discourage profit driven needed investment. We can't fix a fact of life under capitalism. Second your politicians write these greed and not in my backyard regulations then enforce them with your cops. You don't want to spend any tax money building housing because it would interfere in the Real Estate Tycoons ability to profit. What was it 2.3 Trillion for that exercise in "Nation Building War" in Afghanistan. How many trillions do you plan on spending to maintain a nuclear posture? Milton Freedman and others like Thomas Sowell have been telling you what you want to believe about your system for years and now much like the lies told by the Stalinists the chickens have come home to roost. Instead of the "Ownership Society" you have a "Debtors Society" instead of instead of a rising tide lifting all boats the tide went out and beached all the small craft. Instead of a "New World Order" where the rule of law replaces the rule of the jungle you have a "New World Disorder" Where other players see a "rule based order" as a "fixed game". People like college degreed real estate lawyers and professional babysitters in social work have been crying about the pay of electricians and plumbers for since Genesis. Wages not keeping up with inflation is what happens when you disconnect the value of currency with either labor time or a commodity like gold that can be relatively stable in the labor cost of production. You have a system that all but lets you print free money for loans to the biggest banks in the country. So instead of issuing the old fashion wage cut you have the inflatable currency that raises the value of property vs wages.
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  40.  @Kitkat-986  When they build new machinery or set up a new assembly line its always done with the object of using less skill and less labor time to produce. The idea that they will hire more skilled workers overall just isn't true. They'd had backhoes for at least 50 years now machine operation like a backhoe is like driving a car you learn the basics and the rest is practice.They don't pay the backhoe operator ten times the wage because the wage payment is based upon the cost to reproduce the workers labor for the next pay period. The 10 guys you say would dig the same hole in the same time would each need to be paid the cost of their time to reproduce their labor for the pay period. The bosses pay you the wages to reproduce your labor power for the next pay period. They can make a profit by you creating more value than your wages paid. The backhoe contractor could not change more than the price the hand shoveler did. Over time the price he can change sinks towards the actual cost. Painting and plastering is a better example because the skill and time needed to pain with a brush and put plaster on lathe has been replaced with spray/roller and sheet rock. They got rid of lots of draftsmen, clerical workers telephone operators replacing them with computers. Lots of machine shop equipment is computer controlled. They have gotten rid of as many things that will need repair or regular replacement as possible. If they decide they need a lot people (labor shortage) with a certain skill for a new factory the bosses get the government to run a training program. The investors want the highest rate of profit (profits/capital invested). They invest both in fixed capital (machinery, tools) that depreciates over time and circulating capital (wages, material and rents) that returns directly after the product is sold.
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