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waheoo | 4 years ago
That's a very Marxist view. And no, it's not. Capitalism is fundamentally exploiting the planets resources, mostly hydrocarbons.
You can easily pay people a fair market wage and still produce a profit by exploiting the planet or even just market inefficiencies.
The Marxist view assumes that if there is profit it should be shared between workers for their labour.
This view completely ignores the costs and risks involved with capital expenditures.
It also assumes that markets are efficient, they're not.
ThreeJewels|4 years ago