Forum Discussion
JRscooby
Aug 07, 2019Explorer II
You are right, "From each according to his ability, to each according to his needs" will lead to a reduction in possible production. And this will likely lead to "forced labor". But, somebody told the only way to get a good job is a "good" education. So borrow money to pay for that education. Then the best job she can get does not pay enough to cover the loans and living expense. So she gets a 2nd job, is that not forced labor?
A company closes a factory to move to another area, (often for a reduction in taxes). The workers that are laid off try to get jobs so other companies hire them for less than the cost of the workers they had. Over time, the long time employees, are replaced. Forced labor?
Or the one that has hurt many in my age group. A person agrees to sell his labor for so much today, and more to be paid when old. The company is sold, paid for by a loan. Now the company, with the added burden of the new loan is no longer profitable, bankruptcy. The investors (People who's money works for them) might get a haircut. But the people that invested a lifetime, (That work for their money) get cut off at the knees. To stay alive the old man must take a job. "Forced labor?"
In theory, capitalism can lead to unlimited production until all raw materials are used up. But if larger and larger percentage of the fruits of production goes to a smaller and smaller percentage of the population is not sustainable, even if the resources are unlimited.
Maybe a government could regulate the corporations, but when the government is controlled by the rich investors and corporations we get courts that will always rule in favor of rich investors and corporations, and against workers.
IMHO, the best check on corporate power would be information and organized labor. But labor has been convinced unions are evil as socialism.
A company closes a factory to move to another area, (often for a reduction in taxes). The workers that are laid off try to get jobs so other companies hire them for less than the cost of the workers they had. Over time, the long time employees, are replaced. Forced labor?
Or the one that has hurt many in my age group. A person agrees to sell his labor for so much today, and more to be paid when old. The company is sold, paid for by a loan. Now the company, with the added burden of the new loan is no longer profitable, bankruptcy. The investors (People who's money works for them) might get a haircut. But the people that invested a lifetime, (That work for their money) get cut off at the knees. To stay alive the old man must take a job. "Forced labor?"
In theory, capitalism can lead to unlimited production until all raw materials are used up. But if larger and larger percentage of the fruits of production goes to a smaller and smaller percentage of the population is not sustainable, even if the resources are unlimited.
Maybe a government could regulate the corporations, but when the government is controlled by the rich investors and corporations we get courts that will always rule in favor of rich investors and corporations, and against workers.
IMHO, the best check on corporate power would be information and organized labor. But labor has been convinced unions are evil as socialism.
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