this post was submitted on 26 Nov 2023
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chapotraphouse
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Capitalism relied on the labor theory of value, until recent decades when layoffs started to increase a companies value.
As at this point, the ideal corporation has no workers or locations or product, but is merely rent collection.
hmm i wonder why people turn to crime
a real head-scratcher that one
Itβs a complete mystery to liberalism. But itβs the purest form of capitalism.
Does that mean be gay do crime is cancelled if crime is the purest form of capitalism? I liked that slogan tbh
Only theft beyond needs and mugging.
Gotcha. Wasnβt sure where the line was (could have jus meant organized crime or something too, hence the asking). Thanks
That's like 20% of the fortune 500 at least. The rest are hybrid rent collection and mass layoffs.
Another thing is that they realized coordinating layoffs works well because it lets them re-hire the same people on new terms without giving them a chance to organize it negotiate.
Plus a lot of companies in the West are primarily administrative at this point, so the value comes mostly from someone else's labor somewhere else and the western admin worker is getting a cut of that person's surplus, which means firing tons of them leaves more for the capitalist until the administrative system starts to crumble do to lack of productive labor.