The 1% is an organizing principle for political agitation — geospiza
and a scapegoat for those who lament poverty, or who resent wealth for a variety of reasons. These resentments find root in the fallacious belief that all of economics is 'zero-sum'; — geospiza
that those who have accumulated wealth have necessarily obtained it by confiscation. — geospiza
My point is that just because a small group of people attain extreme wealth does not imply that it was ill-gotten. — geospiza
If that's just your preference in terms of a corporate governance model that's fine. We all have our own preferences for how things ought to be ran. I personally don't believe in any one, universal perfect corporate governance model and in any case we're free to discuss the pluses and minuses of various models. — BitconnectCarlos
For instance in relation to an event like climate change how might people, workers/owners, view coal mines as a business venture? — Brett
It’s very interesting as a thought experiment. I was really wondering, though I didn’t make it clear, how the business landscape would change morally. What would either away and what would thrive? — Brett
Back to my original question then: Wouldn't all workers then be on the hook for debts in the case of bankruptcy then? Also, lets say there's 10 workers and 7 of them vote to take out a loan, do the other 3 have to chip in? — BitconnectCarlos
The workers are the businesses.
— Xtrix
Sure, and the CEO just sits up in his gold suite all day with his top hat and goes swimming in piles of gold coins while the workers do all the hard work. Apparently higher level employees like the founders and CFO or CTO just don't do anything all day. — BitconnectCarlos
If everything that existed now, in terms of business, factories, etc., was collectively owned what business do you think would remain and what would go? What would survive and what wouldn’t. What would happen to Goldman Sachs for instance, or coal mines? Apart from workers owning the capital how would the landscape change? — Brett
Ok, I think I understand you better now. I'll say if an owner wants to structure his corporation like that I don't have any problem with that, it's the owner's choice. — BitconnectCarlos
That's fine by me, when you have your own company you're free to tell your employees that they can vote whoever they want to be in charge. — BitconnectCarlos
Ok, I might have misunderstood you. When you say something like 'all workers should have ownership in the company' then yeah, obviously my mind goes to all the employees having that privilege. If that's not what you're saying then feel free to clarify.
I don't have anything against co-ops either. If a company wants to do that, that's fine. If you were to force every company to be structured like that that's where I'd take issue. — BitconnectCarlos
When they declare bankruptcy the owners are on the hook for that. — BitconnectCarlos
Whilst I don't understand it definitively, I understand that the concept ( self organisation ) could explain all those questions that you pose. All that uncertainty can be made certain by acknowledging a singular process that in many ways is self evident in the universe and life, though not entirely understood - Yet! Yes it is a god concept - works much the same way as a god, but it places the power of god in the individuals hands, and it gives everybody and everything an equal power of god, by understanding that everything belongs to a singular process of self organization. So in this regard, I believe it is worth perusing. — Pop
we have Immanuel Kant and the problems of epistemology, the subject knowing objects (representations), and a long history of problems within the "mind/body" Cartesian dualism for literally centuries afterwards.
— Xtrix
Exactly, its time to understand all this under the one heading. :smile: — Pop
When they declare bankruptcy the owners are on the hook for that. New, inexperienced employees could be permanently damaging their financial future. — BitconnectCarlos
One needs to look no further than the structure and operation of corporations to see how undemocratic and exploitative it is. This is the nature of the game. A few people (the major shareholders, the board of directors, and the CEO/executives) are the people making the decisions about what to produce, how to produce it, where to produce it, and what to do with the profits from all of this work.
— Xtrix
Yep, and these guys make $$$ when business goes well. If only the everyday employee could get some skin in the game.
But what happens when things go poorly? You don't just lose your pay and get fired; the company collapses and you could be on the hook for insane amounts of money - those debts don't just disappear into thin air when the company declares bankruptcy. Now you've got 18 year old employees dealing with bankruptcy lawyers. — BitconnectCarlos
I haven't anywhere said that it would not be possible to have an economy without rent or interest. — Janus
You’re just begging the question if you’re implying that we do depend on rent and interest, i.e. there is no possible way to have a society without it.
And contractual slavery has been a common institution in the past. We got rid of it and society didn’t collapse.
— Pfhorrest
There is no way to have the economy we have without rent and interest, and no foreseeable way to transition to an economy without it; that's what I'm saying. — Janus
If you don't see the conundrum then I'll conclude you are mired in fantasies, unless you can come up with a plausible plan of action for humanity's future trajectory. — Janus
The only thing changed between the real world and the hypothetical world is who owns what. — Pfhorrest
Think about it and you wont need authority to guarantee its right, youll see it for yourself. Abolition of rent, and particularly interest, being such integral parts of the present economy would obviously bring enormous changes. — Janus
Enormous changes would mean we would no longer have the same economy. It's not diificult to understand. — Janus
There is no way to have the economy we have without rent and interest — Janus
↪Xtrix
No, Bezos does not control your life and is master of no one. — NOS4A2
You willingly use his services or you do not. — NOS4A2
So it’s utter nonsense to suggest these people control anything beyond their own company and property. — NOS4A2
You have less of a say in the government than you do in the market. — NOS4A2
As I said earlier, my hunch would be that most are neoliberal capitalists, with a good portion Christian or otherwise secularists.
— Xtrix
I agree, but that also sounds like a good description of much of the American populace as a whole. — Pfhorrest
This sounds like a good explanation for the above. — Pfhorrest
The state has the monopoly on violence. But they essentially own the state. To say they're subjected to the "same laws and penalties" as anyone else is naive. Yes, according to cypto-neoliberals like you, "government is the problem," and so it's no surprise that you want to divert the focus to "bureaucrats." Very typical.
My only contention is that the so-called 1% are not your masters. Elon Musk is unable to assert any control over you, and if he did, he would be subject to legal penalty. — NOS4A2
At any rate, I become suspicious of hatred when it becomes indistinguishable from envy. — NOS4A2
The reason the so-called 1% are able to seek their advantage from those in power is because those in power give it to them. — NOS4A2
The state has the monopoly on violence. But they essentially own the state. T
— Xtrix
Care to back that up, or is “essentially” your get out of jail card? — Brett
Even the bad things. Because people in general are not shining bastions of morality, but will exploit a situation to their benefit when given the chance, even at someone else's expense, and then try to rationalize away why what they're doing is perfectly fine. — Pfhorrest
But one impression I have of people with substantial wealth is that they tend to have their radar up for threats to their social, financial, political status quo. After all, their wealth may be threatened in the event of social turmoil, or they may at least be inconvenienced. If they feel entitled to deference, they won't take inconvenience lightly. — Bitter Crank
I think the economic externalities to the rest of society is the main reason why we shouldn't allow concentrated wealth to exist, but I think it's a worthwhile additional critique. — Saphsin
If the 1% are parasites, it is not because they have any kind of behavioural disposition of any sort: they are parasites by virtue of their occupying a structural position in society with disparity as it is. The most lovely, talented, hard-working, virtuous, kind, and giving person could belong to this class: they would still be a fucking parasite insofar as their wealth would objectively be built off the backs of others. — StreetlightX
My expectation is that the 1% are ordinary people as far as psychology goes. — Pfhorrest
it's worth understanding exactly who they are.
— Xtrix
Brett denies being interested in the question "who they are"; he says it is your question. — Bitter Crank
The undifferentiated wealth sloshing around in the trough in 2020 has a history. You can trace the development of wealth backwards to sometime in the medieval period, probably not much before then. There are, for instance, a few companies in the world that have been in continuous existence since 1200. Some of the wealth in England goes back to grants that William the Conqueror (aka William the Bastard) made after he won the battle of Hastings in 1066. Some of the valuable land in New York City is owned by descendants of Dutch settlers before New Amsterdam became New York. Land is the original wealth. From land one can extract rent, food and fiber (like wheat and wool). England accumulated a wad of wealth by exporting fine wool to manufacturers on the continent. Later, it was coal and iron. The reason the British claimed North America was to have the land from which to extract wealth. The Germans wanted Lebensraum, and came close to getting most of Europe. Land is wealth. Nations are willing to go way out of their way to get it. — Bitter Crank
whether we're defined first and foremost by conscious activity,
— Xtrix
Self organization, according to all abiogenesis theories, led to life. The process of self organization has a process-centric, rather than anthropocentric, self awareness. — Pop
I agree. But remember that Descartes means "consciousness" too, as you point out.
— Xtrix
He came so close, that I believe he deliberately chose not to land on consciousness. — Pop
"By the word 'thought', I understand all those things which occur in us while we are conscious, insofar as the consciousness of them is in us. And so not only understanding, willing, and imagining, but also sensing, are here the same as thinking. For if I say, I see, or I walk, therefore I am; and if I recognize this from seeing or from walking which is performed by the body; the conclusion is not absolutely certain: because (as often happens in dreams) I can think that I am seeing or walking, even though I may not open my eyes, and may not be moved from my place; and indeed, even though I may perhaps have no body. But if I deduce this from the action of my mind, or the very sensation or consciousness of seeing or of walking; the conclusion is completely certain, for it then refers to the mind which alone perceives or thinks that it is seeing or walking." - Principles of Philosophy, Part 1 section 9: "What thought is." —
but the emotions and feelings that underpin our actions are also mainly unconscious. So shouldn't we start with unconsciousness?
— Xtrix
This is where self organization comes into its own - it describes the whole process, from the first beginnings of life, all its unknown and subconscious elements, to its penultimate conscious expression.
Of course, all that remains is the minor task of understanding self organization! :cry: — Pop
The 1% is not the “masters of the universe” because they do not possess the monopoly on violence. They are private citizens and are beholden to the same laws and penalties. — NOS4A2
What goes on in a capitalist economy is exploitation and extraction of surplus value (the difference between the cost of the workers labor and the profit derived from the workers labor), It's not accidental; capitalism, and the legal systems of capitalist countries, is designed to enforce that system. — Bitter Crank
- Nowhere close to all entrepreneurs, even those who have those personality traits, go on to become self-made millionaires, and nowhere near all millionaires (never mind the billionaires who are the real topic of the OP) are self-made. Having those personality traits may be a necessary condition of entrepreneurship (at least in our present system), and entrepreneurship may be a necessary condition of being a self-made millionaire (at least in our present system), but being self-made is not a necessary condition of being a millionaire; and even more to the point, having those personality traits is not a sufficient condition for being an entrepreneur, nor is entrepreneurship a sufficient condition for being a self-made (m|b)illionaire. — Pfhorrest
It's having that priority already taken care of that allows the ultra-wealthy to prioritize other things instead. — Pfhorrest
So someone is given a pile of cash and then they become more extroverted, and then they become conscientious, and then they become emotionally stable, and then they become more self centred. — Brett
So perhaps more emphasis can be placed on your second point.
— Xtrix
Can you support that statement with evidence? I mean it’s not a fabrication is it? — Brett
That's what the scholarship seems to suggest. — Xtrix
Whatever personality traits there might be in common between rich people, it’s worth bearing in mind the different potential causal relations there. Does being a certain kind of person make you rich, or does being rich make you a certain kind of person? — Pfhorrest
Chomsky says they aren't organized, but behave as if they are. Human nature on display? — frank
The universe is in a process of self organization, and hence so too are all of its component parts - including humanity. Consciousness is primarily about self organization. Every moment of consciousness is a moment of self organization. This construction links the fundamental universal process, with the human consciousness process. It is a viable definition of consciousness, within a monistic / panpsychic conception of the universe. — Pop
As far as consciousness goes -- we can't "think" or talk about anything like this without first being conscious entities, but whether we should define our being based on thinking (logic, "rational animal"), on language, or even on conscious activity is questionable.
— Xtrix
We have to start with consciousness. — Pop
But If we start on a false premise - I think therefore I am, then whatever we build on top of this is precarious from the outset. It has created the world we have today. — Pop
I am consciousness, is deeper and more solid. It acknowledges that emotions and feelings underpin our actions, and so provides hope of a better understanding generally, in considering ourselves and others, and the world in general, in my opinion. — Pop
For the statement to be meaningful, consciousness needs a definition. My definition of consciousness is: an evolving process of self organization. So, I am an evolving process of self organization - sounds about right to me, what do you think? Does it work for you? — Pop
I know that’s only three individuals out of many. But regardless you can’t say my thoughts on hard work are fabricated. — Brett
And while I’m at it I notice you don’t call my list of negative traits a fabrication. — Brett
That’s my actual statement. First of all experience. You don’t have to believe me, but experience is not fabrication. Nor is reading. That’s why you asked for some reference to reading on the subject. — Brett
Like the idea that they work hard. Hardly fabricated. — Brett
So you don’t yet know what the answers are, which is why you want research, but you know I’m wrong. How do you explain that? — Brett
A bit of experience, a bit of reading, a bit of reasoning. If you like you could post which ones you think are wrong or don’t make sense. — Brett
The argument was that the rich are rich because they inherited money. — Brett
Then you have to know who they are instead of just determining it from prejudices. — Brett
No, it’s a group of people with opinions discussing something. — Brett
Tell me where I’m wrong then. — Brett
