No I understand economy just fine. I understand that I’m spending double (or more) on groceries than what I spent a mere five years ago which vastly exceeds inflation. I understand that businesses don’t actually need a captain as you describe, but that is a concept difficult for most to realize. And I also understand that there exists multiple businesses that have such captains that actually do hard work and do provide more than just dividends and interest to a shareholder.
Please don’t take what I said as a suggestion that what we have right now is great. Like anything, capitalism requires checks and balances. In my opinion the heyday of modern capitalism was the mid to late 1900s, because industry was operating at full efficiency but regulation also insured that the average person was able to benefit from that. All three factors of production, land labor and capital, all had a seat at the table.
We have moved a good distance away from that. Capital dominates the conversation, land has made some advances in the form of environmental protection, but labor still takes a distant back seat.
And so you get ridiculous situations like a company gets hundreds of millions in tax breaks and subsidies while the CEO gets paid hundreds of millions and the guy who mops the floor is on food stamps.
I don’t see this as good capitalism. Labor needs a bigger seat at the table. If a business cannot afford to survive without paying ALL their workers a living wage that allows upward mobility, that business does not deserve to survive. As I see it, that is part of the very base of capitalism.
That said, your suggestion that businesses don’t need a leader is a ridiculous socialist/communist fantasy that doesn’t actually work in reality.
Take an established business like McDonald’s. From where you sit it probably looks like it doesn’t need a leader, it just keeps going on its own. But who decides how much the burgers cost? Who decides when to introduce new menu items? Who decides what the promotions will be? Who decides what market segments will they focus on? Who decides whether their next new product will be a salad or a triple cheeseburger?
And if you’re going to say middle managers can make these decisions, who decides who those middle managers are?
For what it’s worth, I’m a big fan of employee owned corporations. That doesn’t always work in every segment, but I wish there were a lot more of them. But even an employee own corporation has a CEO, the CEO is just selected by the employees.
You seem quite passionate about this and I’ve moved on. But yes, Musk is a parasite on this world because he takes and literally does nothing to give back.
Again, it’s cool you think I’m misinformed. I’m not, but no worries. Have a good one!
I know quite enough about Musk. I also know myself and calling me ignorant is rather presumptuous. But I get the sense that you like to attempt to correct others a lot, especially those you think are less learned when we simply don’t require it because we’re not actually wrong or misinformed. What you see as ignorance is simply that one can be both learned, and also hold a strong opinion about someone based on evidence of their behavior and their actions or inactions.
Just because you don’t agree with such an opinion does not mean we somehow are less educated about a subject.
It really is okay. You can continue on thinking I’m dumb :)
This will be my last reply to you. I appreciate your passion.
No I understand economy just fine. I understand that I’m spending double (or more) on groceries than what I spent a mere five years ago which vastly exceeds inflation. I understand that businesses don’t actually need a captain as you describe, but that is a concept difficult for most to realize. And I also understand that there exists multiple businesses that have such captains that actually do hard work and do provide more than just dividends and interest to a shareholder.
Musk is a parasite on the world.
And it’s okay if you don’t like what I say. :)
Please don’t take what I said as a suggestion that what we have right now is great. Like anything, capitalism requires checks and balances. In my opinion the heyday of modern capitalism was the mid to late 1900s, because industry was operating at full efficiency but regulation also insured that the average person was able to benefit from that. All three factors of production, land labor and capital, all had a seat at the table.
We have moved a good distance away from that. Capital dominates the conversation, land has made some advances in the form of environmental protection, but labor still takes a distant back seat. And so you get ridiculous situations like a company gets hundreds of millions in tax breaks and subsidies while the CEO gets paid hundreds of millions and the guy who mops the floor is on food stamps. I don’t see this as good capitalism. Labor needs a bigger seat at the table. If a business cannot afford to survive without paying ALL their workers a living wage that allows upward mobility, that business does not deserve to survive. As I see it, that is part of the very base of capitalism.
That said, your suggestion that businesses don’t need a leader is a ridiculous socialist/communist fantasy that doesn’t actually work in reality. Take an established business like McDonald’s. From where you sit it probably looks like it doesn’t need a leader, it just keeps going on its own. But who decides how much the burgers cost? Who decides when to introduce new menu items? Who decides what the promotions will be? Who decides what market segments will they focus on? Who decides whether their next new product will be a salad or a triple cheeseburger? And if you’re going to say middle managers can make these decisions, who decides who those middle managers are?
For what it’s worth, I’m a big fan of employee owned corporations. That doesn’t always work in every segment, but I wish there were a lot more of them. But even an employee own corporation has a CEO, the CEO is just selected by the employees.
You seem quite passionate about this and I’ve moved on. But yes, Musk is a parasite on this world because he takes and literally does nothing to give back.
Again, it’s cool you think I’m misinformed. I’m not, but no worries. Have a good one!
There is no one so ignorant, as someone who is quite sure they know all they need to.
I would encourage you to study the writings of your enemies as well as your friends. I have found it most useful.
Have a good one!
I know quite enough about Musk. I also know myself and calling me ignorant is rather presumptuous. But I get the sense that you like to attempt to correct others a lot, especially those you think are less learned when we simply don’t require it because we’re not actually wrong or misinformed. What you see as ignorance is simply that one can be both learned, and also hold a strong opinion about someone based on evidence of their behavior and their actions or inactions.
Just because you don’t agree with such an opinion does not mean we somehow are less educated about a subject.
It really is okay. You can continue on thinking I’m dumb :)
This will be my last reply to you. I appreciate your passion.