I did miss 8067. I've read it now.
Capitalism is individual risk taking for gain without cooperation.
So is banditry; a highwayman is a capitalist under this definition. He risks his horse and weapons for gain without cooperation.
As you and Smith point out this gain is necessarily limited without the division of labour and other cooperation made possible by information gained by individuals.
A band of highwaymen is a cooperative, capitalist individual.
To the extent one has cooperation with other individuals, to that extent capitalism is lessened, or anti-capitalism, socialism, is enhanced.
If capitalists other than highwaymen are to thrive, it is necessary to extirpate highwaymen.
And so it starts.
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The Net has changed all that although it will take a 100 years to evolve away from the corporate model. It will inevitably happen because there's more individual profit incentive in the independent individual coordinated non-local distribution model.
Yes. It's likely if present trends continue.
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The widening sphere of free market capitalism doesn't need property rights in order to widen.
True, but ordinary chinese folk will continue to have bad food in their markets until the farmers get real control over the land they use.
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Let me ask you this, do corporations respect the property rights of the individuals composing its function? Isn't it the case that individuals in a corporation have to give up essentially all property rights in order for the corporation to achieve the synergies it does? Hmmm. No one 'splained it that way.
"Worker is alienated from the means of production" A straw man for a utopian argument.
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With regard to SBUX. I agree with you. I think they're better off attracting employees by telling prospective employees, "Work for us, exercise your options, buy our stock, own the company, and get rich," rather than offering health care coverage.
Health care is a bad drug that everyone thinks they need. It's tyranny and it's worthless.
How tyrannical it actually is would be more obvious if it actually was worthless. It does have some value, but that's constantly declining.
In my part of the world I think folk cling to the health care program because of the random reinforcement. |
