And done.

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And done.

Originally shared by Jim Feig

Comments

Dirk Harms-Merbitz said…
Labor becomes capital. Capital becomes labor. If one can be converted into the other, aren't they the same? Like water and ice?
September 27, 2011 at 7:48 PM
Dmitriy Briskin said…
Because "old" capital, instead of being converted into labor, is being used to prevent labor from being converted into "new" capital.
September 27, 2011 at 8:16 PM
Dirk Harms-Merbitz said…
Still don't follow. If you work and get paid for your labor then you are converting your labor into capital. What prevents you from accumulating capital is not old capital as much rules made by politicians, like income taxes, no?
September 27, 2011 at 8:20 PM
Chris Darrow said…
He was discussing Slave labor people like to forget that point. He was discussing the fact that people were forcing others into labor for their own capital gains and then the labor got nothing in return. It was not about people who DO get paid for their labor.
September 27, 2011 at 8:24 PM
Dmitriy Briskin said…
Dirk Harms-Merbitz Yes, but taxes are not the only things that prevent the working people from accumulating capital. Let's also not forget that the politicians that make up the rules are pretty much in the pocket of big banks, big oil, big content, etc.
September 27, 2011 at 8:26 PM
Dirk Harms-Merbitz said…
Dmitriy Briskin No doubt true. Taxes, patent system, rules and regulations, judging by all that, nothing seems to scare rich people more then the thought of other people becoming rich.
September 27, 2011 at 8:29 PM
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