Re:Have the Boomers Pinched Their Children's Futures? [video]
by piva00 on Tuesday January 23, 2024 @03:04AM
(#39100704)
> Maybe some has been captured by the "capital elite" or whatever that is (I think personally that is more a function of globalism).
Whatever that is: it's the people who have capital to deploy, the ones who have workers, it's not a difficult concept.
> But it's also just been captured by society itself. We now have access to far more goods and services than ever before, and for incredibly cheap.
That is just products getting cheaper due to technology for production, the surplus value of labour is not in this equation. Society didn't capture part of the surplus of value, we just got cheaper products while wages stagnate and the capital class accumulated more and more of wealth.
Whatever that is: it's the people who have capital to deploy, the ones who have workers, it's not a difficult concept.
> But it's also just been captured by society itself. We now have access to far more goods and services than ever before, and for incredibly cheap.
That is just products getting cheaper due to technology for production, the surplus value of labour is not in this equation. Society didn't capture part of the surplus of value, we just got cheaper products while wages stagnate and the capital class accumulated more and more of wealth.
Buying trinkets doesn't make you wealthier.