Re:Declining trust in government is denting democracy (2017)
by lucian1900 on Sunday June 20, 2021 @07:33AM
(#27569095)
The initial capital entitles the investor to a fraction of all labour, in perpetuity? Without any further work or investment?
Yes, this appropriation is central to the capitalist idea of ownership. Another word for that is theft.
The new capital is _produced_ by the workers, but it was done with initial capital that is _owned_ by the capitalist. So unless you agree that these initial capital is not worth anything (despite it being required), how can _all_ capital belong to the workers that made it? After all, the workers agreed to receive their wage in exchange for producing, using the seed capital supplied by the capitalist.