On 2/27/2017 9:12 AM, juan wrote:
edison didn't invent the light bulb - despite what right wing
ignorant americans believe.
1. Edison and Swan, the owners of the Edison & Swan United Electric Light Company, did invent the light bulb, and did not waste too much time arguing with each other over who made the greater contribution, because they were too busy making money.
Born into a large family in upstate New York, he was shaped by his con man father and religious mother. His family moved several times before eventually settling in Cleveland, Ohio. Rockefeller became an assistant bookkeeper at the age of 16, and went into a business partnership with Maurice B. Clark and his brothers at 20.
When he was a boy, his family moved to Moravia, New York, and in 1851 to Owego, New York, where he attended Owego Academy. In 1853, his family moved to Strongsville, Ohio and he attended Cleveland's Central High School, the first high school in Cleveland and the first free, public high school west of the Alleghenies. Then, he took a ten-week business course at Folsom's Commercial College, where he studied bookkeeping.[26] Despite his father's absences and frequent family moves, young John was a well-behaved, serious, and studious boy. His contemporaries described him as reserved, earnest, religious, methodical, and discreet. He was an excellent debater and expressed himself precisely. He also had a deep love of music and dreamed of it as a possible career.
2. Your theory (that capitalists are unproductive) has been put to test thousands of times in the last two thousand years, and the result every time is poverty and terror.
Capital has existed incipiently on a small scale for centuries,[36] in the form of merchant, renting and lending activities, and occasionally as small-scale industry with some wage labour. Simple commodity exchange, and consequently simple commodity production, which are the initial basis for the growth of capital from trade, have a very long history. The "capitalistic era" according to Karl Marx dates from 16th century merchants and small urban workshops.[37] Marx knew that wage labour existed on a modest scale for centuries before capitalist industry. Early Islam promulgated capitalist economic policies, which migrated to Europe through trade partners from cities such as Venice.[38] Capitalism in its modern form can be traced to the emergence of agrarian capitalism and mercantilism in the Renaissance.[39]
3. You do not know how to make a light bulb, or a transistor, or even a pencil. You need a capitalist to tell you what to produce and how to produce it. Without capitalists, everyone starves, as they are starving right now in Venezuela and North Korea.