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Politics : View from the Center and Left

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To: Lane3 who wrote (10937)	2/6/2006 1:07:58 PM
From: TigerPaw	Read Replies (2) of 541589

Did the guy who took the equivalent value in fish make a mistake by not taking payment in silver I purposely make the hypothetical a bit absurd so I wouldn't have to get caught up in practical questions about the arrangement. That is a common diverson that misses the main point. When you get back to the original contributions, one in capital and one in labor, you find that the capitalist has a choice. He can contribute as a loan or an investement. The laboror really has no choice, his input is considered immediate and transitory no matter how much he must redirect his future to actually contribute well. Social security and other defined benefit pensions were the path to some sort of time valued compensation for workers, but that social contract has effectively been defaulted. TP

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