It’s really not. The core aspect of capitalism is ownership of private property. Whether I hire someone to help me deploy that capital successfully is an implementation detail.
The workers are jointly de facto responsible for using up inputs to create outputs, so they should be held legally responsible.
But workers don’t want the responsibility, that’s why they seek out employment from someone who will take that responsibility. If they wanted the responsibility, they’d start their own private venture instead.
The responsibility should be on the property owner. They own the inputs and the outputs, so they’re responsible if something goes wrong. That’s the main problem with our corporate model, those in charge (capital owners) are largely immune from the consequences of their actions. If we put execs in jail if they knowingly allow sale of unsafe products, the system would self-correct. If the worker is jailed instead, that just encourages a system of scape-goating. The worker should never be legally culpable for following orders, that responsibility should lie on the owner of the capital.
Coops provide stable jobs not pay.
They provide neither, what they provide are organizations where workers have a say in how things are done. Stability is not on the list whatsoever. However, since workers have more of a say, they can help make decisions to improve stability of both, so workers feel more empowered and interested in the future of the business.
Unions provide stable jobs and pay. Salary positions provide stable pay, but not stable jobs.
Capitalism’s critics focus on its labor relations.
Not wanting responsibility is irrelevant as there is no de facto action they can take that transfers de facto responsibility (DFR) to be solely the employer’s.
There is no moral reason for the last legal owner of the inputs to “swallow” the “cost” rather than the party DFR for using them up compensating them. Execs r workers here. R u saying that workers aren’t responsible for employer-sanctioned crimes?
Yes, critics of capitalism focus on labor relations, which is where the Marxist labor theory of value comes from. I honestly reject the LTV because it completely eliminates the reward for risk-taking. Why should you create a new thing that may or may not work out if the most you can get from it is the amount of labor you put in? That’s like gambling for a 5% return when you can get a guaranteed 5% return from your bank, it’s irrational.
In capitalism, the price of a good will eventually trend toward the cost to produce it, after a period of outsized returns by being first to market. So innovation is rewarded through higher margins, then competition comes in and creates a race to the bottom until the next innovation comes out.
The main problem being solved here has little to do with capitalism itself, but with cronyism. Capitalists want high margins, and there are two ways to get that:
rent seeking - if a capitalist can get a monopoly, they can control their margins since nobody can undercut them
innovation - continually produce new products with high margins and cash in before anyone undercuts you
The first is way easier than the second since it requires almost no ongoing work, other than maybe sharing profits with a few influential politicians. But that’s not a problem with capitalism, which is a pure dog-eat-dog system. Socialists and others on the far left attack this amalgamation of systems and call the whole thing “capitalism,” when really capitalism is intended to be a completely separate system from the state (unlike socialism, which is most often combined with the state).
R u saying that workers aren’t responsible for employer-sanctioned crimes?
I’m saying the one responsible is the one with the motive.
In most cases, it’s either the capital owner or the executive team that should be taking responsibility for these decisions. They’re the ones cutting funding for safety equipment, replacing materials with cheaper alternatives, etc. Or maybe it’s a middle manager who is trying to look good for a promotion. Whoever made the decision in full knowledge of it being a potential problem is the one at fault, and that’s almost never the worker.
Execs are usually not workers, they’re the ones in control of the capital. Some execs are, but most don’t produce any of the goods, they merely orchestrate it. In other words, in most cases, there needs to be mens rea, mere proof that a criminal act was committed is rarely sufficient (e.g. most courts would acquit if a reasonable person would assume their actions were legal). In a capitalist system, it’s usually the owners of capital that have motive, the workers just want to get through the day and collect their paycheck and saving the company a few dollars by using sub-standard parts has almost no upside to the average worker.
I reject the Marxist LTV too. The theory I have described is the labor theory of property (LTP) that workers in the firm should jointly own the produced outputs and be liable for the used-up inputs. Workers and non-voting preferred shareholders are duly compensated.
The pure application of the tenet of legal responsibility and de facto responsibility matching is to deliberate and intentional joint actions. The actions of workers in production are premeditated and deliberate.
Orchestration is labor here. Execs are workers as far as the labor theory of property is concerned. I agree that regulatory capture is a problem. I have not mentioned the state here tho. Anti-capitalists work with the historical definition of capitalism.
Also, going back to stability, coops provide stable jobs because they take labor force as a fixed factor and during a downturn they prefer cutting pay over cutting some jobs to maintain the pay of others’ jobs
It’s really not. The core aspect of capitalism is ownership of private property. Whether I hire someone to help me deploy that capital successfully is an implementation detail.
But workers don’t want the responsibility, that’s why they seek out employment from someone who will take that responsibility. If they wanted the responsibility, they’d start their own private venture instead.
The responsibility should be on the property owner. They own the inputs and the outputs, so they’re responsible if something goes wrong. That’s the main problem with our corporate model, those in charge (capital owners) are largely immune from the consequences of their actions. If we put execs in jail if they knowingly allow sale of unsafe products, the system would self-correct. If the worker is jailed instead, that just encourages a system of scape-goating. The worker should never be legally culpable for following orders, that responsibility should lie on the owner of the capital.
They provide neither, what they provide are organizations where workers have a say in how things are done. Stability is not on the list whatsoever. However, since workers have more of a say, they can help make decisions to improve stability of both, so workers feel more empowered and interested in the future of the business.
Unions provide stable jobs and pay. Salary positions provide stable pay, but not stable jobs.
Capitalism’s critics focus on its labor relations.
Not wanting responsibility is irrelevant as there is no de facto action they can take that transfers de facto responsibility (DFR) to be solely the employer’s.
https://www.cambridge.org/core/journals/american-political-science-review/article/what-do-americans-want-from-private-government-experimental-evidence-demonstrates-that-americans-want-workplace-democracy/D9C1DBB6F95D9EEA35A34ABF016511F4
There is no moral reason for the last legal owner of the inputs to “swallow” the “cost” rather than the party DFR for using them up compensating them. Execs r workers here. R u saying that workers aren’t responsible for employer-sanctioned crimes?
@technology
Yes, critics of capitalism focus on labor relations, which is where the Marxist labor theory of value comes from. I honestly reject the LTV because it completely eliminates the reward for risk-taking. Why should you create a new thing that may or may not work out if the most you can get from it is the amount of labor you put in? That’s like gambling for a 5% return when you can get a guaranteed 5% return from your bank, it’s irrational.
In capitalism, the price of a good will eventually trend toward the cost to produce it, after a period of outsized returns by being first to market. So innovation is rewarded through higher margins, then competition comes in and creates a race to the bottom until the next innovation comes out.
The main problem being solved here has little to do with capitalism itself, but with cronyism. Capitalists want high margins, and there are two ways to get that:
The first is way easier than the second since it requires almost no ongoing work, other than maybe sharing profits with a few influential politicians. But that’s not a problem with capitalism, which is a pure dog-eat-dog system. Socialists and others on the far left attack this amalgamation of systems and call the whole thing “capitalism,” when really capitalism is intended to be a completely separate system from the state (unlike socialism, which is most often combined with the state).
I’m saying the one responsible is the one with the motive.
In most cases, it’s either the capital owner or the executive team that should be taking responsibility for these decisions. They’re the ones cutting funding for safety equipment, replacing materials with cheaper alternatives, etc. Or maybe it’s a middle manager who is trying to look good for a promotion. Whoever made the decision in full knowledge of it being a potential problem is the one at fault, and that’s almost never the worker.
Execs are usually not workers, they’re the ones in control of the capital. Some execs are, but most don’t produce any of the goods, they merely orchestrate it. In other words, in most cases, there needs to be mens rea, mere proof that a criminal act was committed is rarely sufficient (e.g. most courts would acquit if a reasonable person would assume their actions were legal). In a capitalist system, it’s usually the owners of capital that have motive, the workers just want to get through the day and collect their paycheck and saving the company a few dollars by using sub-standard parts has almost no upside to the average worker.
I reject the Marxist LTV too. The theory I have described is the labor theory of property (LTP) that workers in the firm should jointly own the produced outputs and be liable for the used-up inputs. Workers and non-voting preferred shareholders are duly compensated.
The pure application of the tenet of legal responsibility and de facto responsibility matching is to deliberate and intentional joint actions. The actions of workers in production are premeditated and deliberate.
@technology
Orchestration is labor here. Execs are workers as far as the labor theory of property is concerned. I agree that regulatory capture is a problem. I have not mentioned the state here tho. Anti-capitalists work with the historical definition of capitalism.
Also, going back to stability, coops provide stable jobs because they take labor force as a fixed factor and during a downturn they prefer cutting pay over cutting some jobs to maintain the pay of others’ jobs
@technology