Is There a Crisis in Capitalism?

Re:Is There a Crisis in Capitalism? by omegaworks on Friday May 24, 2019 @06:50PM (#20005979)

Your company captures the value you provide, and attempts to pay you as little as possible in the process. This is the process by which profit itself is created.

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Re:Is There a Crisis in Capitalism? by 6cd6beb on Friday May 24, 2019 @07:01PM (#20006044)

So? There's more than one party negotiating that rate of pay.

Think it's unfair for one person to negotiate against a company? Maybe, but that's where unions become useful.

There's ill will against them, and they're not widely used (at least in tech), but maybe that's the problem. If so it's not a problem worth tearing down the whole system.

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Re:Is There a Crisis in Capitalism? by nkkollaw on Saturday May 25, 2019 @06:02AM (#20008083)

In this day and age, you often don't need a corporation behind you to provide value.

Actually, it seems like not even in the past you did, since many many companies were started in a garage.

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Re:Is There a Crisis in Capitalism? by omegaworks on Saturday May 25, 2019 @02:39PM (#20010513)

The garage mythos borders on capitalist propaganda.

Here's Steve Wozniak debunking the Apple garage myth:

https://www.theguardian.com/technology/2014/dec/05/steve-woz...

And an entire thread debunking the "started in a garage" for the market dominators of today:

https://twitter.com/historic_ly/status/1119980086420299777

These founders have always had some access to resources above and beyond what is considered "standard issue." It's about time we get realistic about the necessary conditions that were required to start these radically successful companies, because we shouldn't design economies or social policies around myths.

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