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this post was submitted on 20 Aug 2023
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Capitalism literally requires poverty to even function.
Lib - "Markets make everything cheaper, which is good."
Leftist - "But if there is a labor market, won't that make labor cheaper?"
Lib - "Yes, and that is good."
Leftist - "How is that good?"
Lib - "It leads to more profits."
Leftist - "But why is it good to have more profits?"
Lib - "Because a good country is when corporations make profits, and the more profits the corporations make, the gooder the country is."
A third person - "Not necessarily. If the demand for labor is bigger than the supply then markets make labor more expensive.
Leftist - " How is that possible? "
A third person - " There are various ways. Workers could start more cooperatives or invest their savings in new companies"
Leftist - "But why should I care about markets when it is easier to change the political system?"
A third person - "Is it easier?"
Damn this third person never heard about the reserve army of labor, the tendency for the rate of profit to fall, and like all of American history showing the hollowing out of working class power. JUST INVEST YOUR NON-EXISTENT SAVINGS INTO NEW COMPANIES ITS SO EASY. And please how will your worker coop survive in this hellscape with a bourgeois state over it? It will be outcompeted and swallowed immediately by corporations who have no qualms over worker or environmental rights. This isn't china, Huawei (a worker coop) is villified and attacked at every turn here.
You know maybe you have a point, let's be more like China.
Does the third person argue that it is easy or does the third person only argue that it is easier than the alternatives? How easy would it be to run a revolution or just to establish a socialist party?
What is the third person missing about the reserve army of labor? To me, it seems that reducing the reserve army of labor is their main argument.
What the third person doesn't mention is that there is a tendency to spend all possible income. The housing market shows that most people use reduced interest rates to increase their offer to outcompete somebody instead of sticking to their limits.
Are skilled workers willing to share their increased income with the poor? San Francisco has huge social problems even though many workers have a huge income.