Libertarian Economic Logic (chart attached)

[jim bell]

    On Wednesday, September 18, 2019, 01:54:28 PM PDT, Razer <g2s at riseup.net> wrote:  
 
 

On September 18, 2019 1:24:19 PM PDT, jim bell <jdb10987 at yahoo.com> wrote:


>>Are you suggesting that 'the workers' who made the machine are somehow
>>entitled to a high proportion of the 'value' represented by the
>>products the machine is producing?   Rather than merely being
>>compensated for their time and effort?


>Exactly. Workers don't need the boss. The boss needs them. The guy who shuffles papers for ConAgra should be sleeping in a cardboard box by the fields and the workers should be in 'the house on the hill'. Absolutely. 



That's just nuts.  The machine that makes the products was PURCHASED by management, the raw materials were PURCHASED by management, the electricity which runs the machine was PURCHASED by management, all using money that was INVESTED by sources of capital.  The buyer of the machine, the management, paid the seller of the machine, the whole and complete amount that the seller of that machine ever expected to get for it.   The transaction was completed then and there.  The buyer of the machine does not owe the seller anything, on a continuing basis.  
                   Jim Bell
  
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