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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