Comments by "Kim O\x27Brien" (@kimobrien.) on "TED" channel.

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  19.  @calebaw  You replace higher paid skilled labor with unskilled labor not the other way around. That is the natural way in which capitalism works. You pay a skilled worker or engineer more because of the cost of the education needed to replace him. The engineer must now go into debt to pay for his education yet you only want to pay him to come back to work for the next week. He gets laid off or fired like any other employee. As Marx pointed out the middle class professional man is also pushed down into the ranks of the proletariat. Labor savings machines makes more production possible and initially drives profits in the direction of the firm or industry replacing that labor but it doesn't increase the size of the market unless the price goes down. Even then the world market is finite not infinite so the contradiction develops of the ability to produce rising while that which can be sold at a profit does not. The value of the machines keep rising while the amount of labor from which the profit and surplus value originates goes down this is what lowers the average rate of return on industrial investment. This is why the Wall Sr Journal says their is no good model for the electrical energy market. The capital value of the physical plant transmission and generation is so high compared to the labor to keep it in operation kills the profitability. The profit was made building the plant and transmission facilities so now the are being allowed to go into decline while working people are left in the dark when ever a natural disaster strikes the system. Lineman have to be brought in from around the country and Canada because of cost cutting measures. So the capitalist now have themselves a new market for small generators because electrical reliability is being allowed to decline. The economic advantage of an economy of scale is being sacrificed for more small scale production and all the problems that will arise form doing that.
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  20. The computer has made many fortunes while bankrupting thousands of small businesses fixing selling and building them. Not to mention the armies of clerical employees dismissed. Its become a world product manufactured out of the physical control of the American capitalist and now they are crying about the loss of intelectual property as if the can own ideas for eternity. China which they applauded for going capitalist is becoming a market competitor which is out of their military control. The had themselves convinced the won the cold war only to discover they created more Imperialist completion for markets. After spending 3 trillion over twenty years of war initiated by Bush to show that you are either with us or against us the US Imperialist Bankers cutting there losses were routed by a bunch of reactionary militia in Afghanistan. The war created thousands of internal and external refugees a disaster for one of the poorest countries in the world while the Imperialist talk about where they went wrong and how this has cost them "leadership of the free world." Spewing nonsense about how tightened they are now of terrorism and what great democrats they are. The real fear is that the working people around the world are tired of their wars and excuses about how they are going broke and can't afford to pay us a stable standard of living never mine a better one. Promising how they might turn most of us all into welfare recipients in a scheme of universal income just so the profits can keep rolling in. Throwing out a few crumbs like Marie Antoinette letting us eat cake. They are their rotting capitalist system are the real problem.
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  77.  @vojtasks Man creates wealth though social labor. Man's mind and hands interacting with nature. Tools and machines are wealth that man creates that save future labor time. No machine can run in perpetual motion and despite man's cleverness we have never built a machine that can reproduce itself without man's giving it direction. So machines can not produce wealth they merely enable man to produce more wealth with less labor time being used in the future. The fact that capitalism developed first in Europe is an accident of history and their is nothing special about a factory except that it is the result of previous development and far better social organization of labor. The capitalist measures success in profits but his profits or wealth come from labor not machines and so as he replaces labor with new machines to drive profits his way. He diminishes his source of profit while increasing his capital investment resulting in a declining rate of profit the very measure by which every capitalist uses to measure his success. This drives the idiot called a capitalist to attack his laborers for producing less wealth for him instead of more with his new machines since to sell more he needs to win the battle of the market place but the workers can not buy back all that they can produce, plus the world is a finite market not infinite and the capitalist refuses to sell at a loss so he halts production and creates a crisis along with attacking his workers the source of all wealth. This is why the capitalist class becomes reactionary and must be removed form its past historical place in the production of wealth. Capitalism is nothing more than a historical stage that man pases though on his quest to meet his needs and better his social organization.
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  82.  @vojtasks  Issac Newton set the value of Gold in English pound it kept that value with few exceptions right up to 1914 the great war and the British banking crisis. Obviously the capitalist who built the defective air bags ended up taking a loss. Now what ever firm is making the new good airbags is making a profit. If you don't see how labor can create value than you probably have never built anything of value either. Instead of siting around contemplating your navel maybe try fixing that car of yours. The bosses don't pay people like me for having Good Looks like Ms. Trump. We know how to get things dome and make things work. Our ability to labor is what makes us valuable. Bill Gates ownership of a baseball glove made him money by renting it to his sister. Like I said before exchange produces nothing. The exchange can seldom be exactly equal anyway so that's why money as a universal medium of exchange has value. Now each side can try and benefit from a trade and many times the do but the trade in it self produces nothing otherwise man would only need to trade and not labor. Capitalism shouts free trade as the solution to all problems natural when he means free trade he means free to also own everything that can be used in the trade. You trade him your labor time and he pays you just enough of the wealth to maintain yourself for the next pay period. So he seeks from you the longest hours at the lowest wages in that pay period. Before the capitalist the peasant surf worked three days for the land Barron and three days for his families upkeep. The seventh day he rested and the priest told him how he would enter the kingdom of heaven after death.
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