Re:Milton Friedman: Is Capitalism Humane? (1977) [video]
by yogthos on Monday March 09, 2020 @10:43AM
(#22525745)
It's worth the money I paid for because I use it to do things I'm interested in doing. However, if you're planning to argue that such a device would not exist without capitalism, then I'm going to disagree with you.
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Re:Milton Friedman: Is Capitalism Humane? (1977) [video]
by Sowas on Monday March 09, 2020 @12:18PM
(#22526605)
No, I'm going to argue that you gained more through possessing the device than by having the money you spent.
Unless your stance is that only money is wealth.
Re:Milton Friedman: Is Capitalism Humane? (1977) [video]
by yogthos on Monday March 09, 2020 @12:27PM
(#22526674)
Since money can be exchanged for goods and services, having more money directly translates into having more options to pursue your interests. If I had a bit more money, I could get an even better device, or if I was a billionaire I could pursue interests like making rockets, or any other fancy.
So, my stance is that money directly translates into increased opportunity in a capitalist society. Meanwhile, the relationship between capital owners and works is asymmetric where the capital owner keeps majority of the profit from the value that the workers create.