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Response to EarthFirst (Original post)

Sun Jul 1, 2018, 07:49 PM

6. This is so obvious the rich needed decades of propaganda to obscure it.

Almost everyone with a passing familiarity with business understands this.

If sales go down, everyone worries about layoffs. No one goes "hey, no worries, we'll just raise more money from investors! They just love putting money into businesses with declining sales!"

If a business or the economy is a car, the capital is the oil, the entrepreneur is the spark plug, and the consumer is the fuel.

Each part is important, but you really need a lot more fuel than oil or spark plugs and you need to constantly worry about having plenty of it available.

Moreover, the entrepreneur creates an initial job only because they're convinced that customers will pay for that job after the initial outlay, and in fact, pay him enough to make a profit.

If the entrepreneur is right, that means the consumer paid for the job entirely. The entrepreneur merely gave the employee an advance on pay.

If the entrepreneur is wrong, then yes, a job was created. Briefly, until the company goes belly-up.

In England a passenger is said to "hire" a taxi. That's exactly right. All businesses are fundamentally like this. If I buy a sofa, I'm hiring people to build a sofa and all that entails, from gathering or growing the commodities to turning them into the components to designing and manufacturing and marketing and distributing the sofa. I'm finding the whole operation, or at least my small share of it.

The ceo is only facilitating it -- and, actually, making sure it's done with as *few* jobs as possible.

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Arrow 13 replies Author Time Post
EarthFirst Jul 2018 OP
Wellstone ruled Jul 2018 #1
alwaysinasnit Jul 2018 #2
rickford66 Jul 2018 #3
RandomAccess Jul 2018 #4
yonder Jul 2018 #7
RandomAccess Jul 2018 #8
jmowreader Jul 2018 #10
yonder Jul 2018 #13
Sophia4 Jul 2018 #5
LineNew Reply This is so obvious the rich needed decades of propaganda to obscure it.
unblock Jul 2018 #6
Thunderbeast Jul 2018 #9
smirkymonkey Jul 2018 #11
Uncle Joe Jul 2018 #12
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