17-03-14, 11:00 PM
And eventually there is nothing left to cut , and your pot is empty .
(17-03-14, 10:01 PM)mtread link Wrote:Quote: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)And someone else will have had to have made that motorboat, providing employment.....
People can be a little too polarized when it comes to capitalism v socialism or whatever politic.
This isn't a 'capitalism v socialism' issue, it's basic economics. Nothing wrong with capital being reinvested, that's the point of it. But as I said, to maximise capital you have to either sell at a higher price, increase production and therefore demand, or reduce costs. Unfortunately, the latter seems to be in fashion. Hence the need for unions.