17-03-14, 02:14 PM
(16-03-14, 11:29 PM)mtread link Wrote: Capitalism is about maximizing profit and to distribute it between the owners of the capital. The main way of achieving that is to minimise the cost of production, which in a labour intensive industry means reducing the workforce and suppressing wages.
I'd like to point out that there is nothing wrong with owning the capital. I could spend my free capital on a new motorboat but I have invested in a little import/export concern which currently has two lads working 3 days a week (soon to be 5 days)
People can be a little too polarized when it comes to capitalism v socialism or whatever politic.