My employer bills me out for $400/hr and I make about $100/hr. I wouldn’t be able to make that much on my own because I don’t have the resources and infrastructure my employer has: admin, IT, expertise, manpower, marketing, legal, and so on. I have zero interest in being self employed. So this is a good arrangement for me.
My clients are happy paying those prices because we provide good service at competitive rates.
My employer is happy because they usually net about 30% profit margin so the partners walk away with $120/hr after paying me and other overhead.
It’s the very definition of capitalism doing exactly what it is supposed to do: providing valuable goods and services to people who want to buy it from people who want to sell it, and everyone walks away happy from the transaction.
I fail to see how this is a violent and exploitative war on civilization itself. Fuck everything about this comic. Why is it even on my feed? Gah.
Ok, I make 7.25 an hour and my employer bill me out at $25/hr. My employer walks away with 30% or about $7.50, etc etc. The sample numbers are meaningless.
The material realities of someone making 7.25 (which I will concede is a little bit of a strawman, most people make more but not much) is very different than someone making 100/hr. The petit bourgeois exist for a reason. They’re still exploited but only to a point. They’re “commoners” that benefit from the status quo and wish to uphold it. They have it good enough and can relate to the disadvantaged people’s plight insofar as it allows them to dismiss their criticisms as being lazy, not working hard enough, bootstraps, yada yada. They’re a foil and a buffer between the proletariat and the bourgeoise. You can point to them to say the exact things you’re saying right now
So raise minimum wage to $20-30/hr. You don’t need to toss capitalism out the window to do that. It’s overly simplistic to blame these problems on one ism and naive at best to think these problems will go away for swapping it with another ism.
I’m happy for you, I really am! It sounds like you have a very good situation, but it’s important to remember that if the company is making profit, they are still taking value of your labor without doing the bulk of the work. Capitalism is designed to do exactly one thing, and that is to maintain the power of the wealthy elite. Any benefits are coincidental.
My example shows all three parties benefitting from the arrangement. Everyone would lose if I, the worker, quit. It’s not exploitation at all. I willingly enter into this agreement because I literally can’t do this on my own. So I benefit from company resources. My clients can’t be serviced by a small one man show so they choose a bigger company too. The firm owners make the most because it’s their company and none of this would be happening without them. It’s not exploitation and it’s not parasitic, it’s symbiotic. We’ve got loads of issues with legislation and enforcement, minimum wage should be like $20-30, corporate governance needs to address all stakeholders and not just shareholders, and so on. But that won’t be resolved by swapping capitalism for any other -ism. It’s overly simplistic to think one ism is the only problem and another ism is the only solution.
Back when I did service work I made about $30/hr and was billed out at $60/hr. Seems outrageous right? Until you factor in worker’s comp, other insurance, admin, etc. They needed to bill at $45/hr to just break even, and you need to charge more than that to cover other unexpected costs, downtime, buy new equipment, building maintenance, etc.
The idea that capitalism “steals” the surplus value of labour can be true sure, but it’s often simplified and exaggerated so much like in this meme that it’s hard to take seriously. It’s probably hard to quantify depending on the industry too as there are different expenses and added value by the employer (I bet Wal-Mart is an order of magnitude worse than your local plumbing company for e.g.) If I were to just hire myself out at the exact same rate my employer did but covered all the additional costs and value they added I wouldn’t actually be ahead anything at all, and I’d have to work even more just to end up in the same place in the end, so at least in that case the system benefited us both.
Workers are absolutely exploited by plenty of shitty companies. But that’s not caused by capitalism, nor is it solved by any other -ism. The causes are complex and the solutions are even moreso, if there even are solutions at all. To sit here bitching about it in the form of a stupid anti capitalism comic is just childishly naive.
Upvoting for good faith engagement, even if a little frustrated. I encourage other leftists here to do the same.
The situation you describe is capitalism working smoothly. Marx himself spoke highly of aspects of capitalism many times. The problem comes when your company’s owner, who has the power to abuse that ownership, does.
By analogy, monarchies are bad, even if your king is good. You can have a fair, just, wise philosopher king. It sounds like you’re lucky in having a good job with a reasonable owner, but your owner could sell to a private equity company tomorrow, who will lay you off, outsource your job to lower costs, bill out the same rate even when lowering the quality, and pocket the difference. They’ll do this for a few years until the brand’s value has been mined, then they’ll scrap your company and sell it for parts.
Socialists like myself argue that because the system can be abused, it inevitably wil be abused. It’s a structural argument, not an argument about each specific case. We argue that democratic control of our jobs is a good thing, in the same way that we got rid of kings to replace them with democratic control is a good thing, because we think that system is more just and fair.
This might be the first discussion I’ve had on Lenny in good faith as you say, so thank you for that.
My position summarized is that we definitely have massive issues with inequality, injustice, lack of rights, etc. But these are issues of legislation, corrupt government and leadership, enforcement, corporate governance, media disinformation, and so on. As you said any system can and will be abused. Swapping capitalism for any other -ism won’t change anything. (What would that even look like?)
Some of my meandering thoughts for potential solutions include controlling media disinformation, campaign finance reform, term/age limits, and ranked voting. It would be great to somehow change corporate governance to require leadership to prioritize stakeholders and not just shareholders, but I don’t really know how to do this. Maybe a requirement that all public companies be owned at least maybe 10% by non-officer employees, enough to get a seat on the board of directors.
It’s extremely complicated and there’s no clear solution. I’m not saying capitalism is perfect, I’m saying it’s overall ok and it’s very childishly naive to make a shitty comic about swapping it for another -ism to solve all of our problems. I really don’t want to argue about it though or get into a flame war, I just can’t handle the vitriol on this forum.
Ok I’ll bite. God help me.
My employer bills me out for $400/hr and I make about $100/hr. I wouldn’t be able to make that much on my own because I don’t have the resources and infrastructure my employer has: admin, IT, expertise, manpower, marketing, legal, and so on. I have zero interest in being self employed. So this is a good arrangement for me.
My clients are happy paying those prices because we provide good service at competitive rates.
My employer is happy because they usually net about 30% profit margin so the partners walk away with $120/hr after paying me and other overhead.
It’s the very definition of capitalism doing exactly what it is supposed to do: providing valuable goods and services to people who want to buy it from people who want to sell it, and everyone walks away happy from the transaction.
I fail to see how this is a violent and exploitative war on civilization itself. Fuck everything about this comic. Why is it even on my feed? Gah.
Now do someone making $7.25 an hour.
Ok, I make 7.25 an hour and my employer bill me out at $25/hr. My employer walks away with 30% or about $7.50, etc etc. The sample numbers are meaningless.
The material realities of someone making 7.25 (which I will concede is a little bit of a strawman, most people make more but not much) is very different than someone making 100/hr. The petit bourgeois exist for a reason. They’re still exploited but only to a point. They’re “commoners” that benefit from the status quo and wish to uphold it. They have it good enough and can relate to the disadvantaged people’s plight insofar as it allows them to dismiss their criticisms as being lazy, not working hard enough, bootstraps, yada yada. They’re a foil and a buffer between the proletariat and the bourgeoise. You can point to them to say the exact things you’re saying right now
So raise minimum wage to $20-30/hr. You don’t need to toss capitalism out the window to do that. It’s overly simplistic to blame these problems on one ism and naive at best to think these problems will go away for swapping it with another ism.
So are your bullshit numbers
I’m done with you. Come back if you have something constructive to add to the conversation.
I’m happy for you, I really am! It sounds like you have a very good situation, but it’s important to remember that if the company is making profit, they are still taking value of your labor without doing the bulk of the work. Capitalism is designed to do exactly one thing, and that is to maintain the power of the wealthy elite. Any benefits are coincidental.
My example shows all three parties benefitting from the arrangement. Everyone would lose if I, the worker, quit. It’s not exploitation at all. I willingly enter into this agreement because I literally can’t do this on my own. So I benefit from company resources. My clients can’t be serviced by a small one man show so they choose a bigger company too. The firm owners make the most because it’s their company and none of this would be happening without them. It’s not exploitation and it’s not parasitic, it’s symbiotic. We’ve got loads of issues with legislation and enforcement, minimum wage should be like $20-30, corporate governance needs to address all stakeholders and not just shareholders, and so on. But that won’t be resolved by swapping capitalism for any other -ism. It’s overly simplistic to think one ism is the only problem and another ism is the only solution.
Back when I did service work I made about $30/hr and was billed out at $60/hr. Seems outrageous right? Until you factor in worker’s comp, other insurance, admin, etc. They needed to bill at $45/hr to just break even, and you need to charge more than that to cover other unexpected costs, downtime, buy new equipment, building maintenance, etc.
The idea that capitalism “steals” the surplus value of labour can be true sure, but it’s often simplified and exaggerated so much like in this meme that it’s hard to take seriously. It’s probably hard to quantify depending on the industry too as there are different expenses and added value by the employer (I bet Wal-Mart is an order of magnitude worse than your local plumbing company for e.g.) If I were to just hire myself out at the exact same rate my employer did but covered all the additional costs and value they added I wouldn’t actually be ahead anything at all, and I’d have to work even more just to end up in the same place in the end, so at least in that case the system benefited us both.
Yes, precisely this.
Workers are absolutely exploited by plenty of shitty companies. But that’s not caused by capitalism, nor is it solved by any other -ism. The causes are complex and the solutions are even moreso, if there even are solutions at all. To sit here bitching about it in the form of a stupid anti capitalism comic is just childishly naive.
Upvoting for good faith engagement, even if a little frustrated. I encourage other leftists here to do the same.
The situation you describe is capitalism working smoothly. Marx himself spoke highly of aspects of capitalism many times. The problem comes when your company’s owner, who has the power to abuse that ownership, does.
By analogy, monarchies are bad, even if your king is good. You can have a fair, just, wise philosopher king. It sounds like you’re lucky in having a good job with a reasonable owner, but your owner could sell to a private equity company tomorrow, who will lay you off, outsource your job to lower costs, bill out the same rate even when lowering the quality, and pocket the difference. They’ll do this for a few years until the brand’s value has been mined, then they’ll scrap your company and sell it for parts.
Socialists like myself argue that because the system can be abused, it inevitably wil be abused. It’s a structural argument, not an argument about each specific case. We argue that democratic control of our jobs is a good thing, in the same way that we got rid of kings to replace them with democratic control is a good thing, because we think that system is more just and fair.
This might be the first discussion I’ve had on Lenny in good faith as you say, so thank you for that.
My position summarized is that we definitely have massive issues with inequality, injustice, lack of rights, etc. But these are issues of legislation, corrupt government and leadership, enforcement, corporate governance, media disinformation, and so on. As you said any system can and will be abused. Swapping capitalism for any other -ism won’t change anything. (What would that even look like?)
Some of my meandering thoughts for potential solutions include controlling media disinformation, campaign finance reform, term/age limits, and ranked voting. It would be great to somehow change corporate governance to require leadership to prioritize stakeholders and not just shareholders, but I don’t really know how to do this. Maybe a requirement that all public companies be owned at least maybe 10% by non-officer employees, enough to get a seat on the board of directors.
It’s extremely complicated and there’s no clear solution. I’m not saying capitalism is perfect, I’m saying it’s overall ok and it’s very childishly naive to make a shitty comic about swapping it for another -ism to solve all of our problems. I really don’t want to argue about it though or get into a flame war, I just can’t handle the vitriol on this forum.