Date: Fri, 11 Jul 2003 20:30:39 +0200 (CEST)
From: Joacim Persson <joacim-AT-ymex.net>
Subject: Re: owned vs. free market


On 7 Jul 2003, Robert Marlow wrote:

> > Labour from humans only, or labour from humans plus labour performed by
> > machines?
> 
> Please reread my explanation in the paragraph below.


> > > The
> > > lie of capitalism is that it argues that merely owning capital is in
> > > some way productive and requires some kind of reward. The capitalist who

And since machines costs to build (apart from energy and maintenance costs
during operation), whoever built it have been or shall be payed for that.
Normally they demand (quite rightly so) to be payed for that work
regardless if the machine they built is useful or not, and regardless if it
actually is used or not.  It may not work well, it may not pay off, it may
be lost in a fire etc.  There is a risk involved in building any stuff,
particulary new inventions.  That's why it's called venture capital.  The
purpose of interest on capital is to spread that risk. Alternatively, the
ones building the machine could receive payment according to how the
machine actually pays off, but not everyone is willing to get involved in
taking risks, or not getting payed until (years) later.

But actually, I was primarily thinking of energy costs.

> > Tip: It may boil down to the question of what a fair wage is. (or what a
> > fair price for anything in general, what a fair trade is, whatever is being
> > traded)
> 
> A fair wage is easy to assess simply through analysis of the process of
> production: a fair wage is full return for the produce.

No more, no less? Most employees would be dissapointed, to say the least.


Joacim
--
Friheten är uppfinningens fader.  Freedom is the father of invention.  La
liberté est le père de l'invention.  A liberdade é o pai da invenção.  La
libertà è il padre dell'invenzione.  Freiheit ist der Vater der Erfindung.
Frelsiğ látur naktri konu ağ spinna.  Vrijheid is de vader van de
uitvinding.  Licentia est abbas reperio.  Vapaus on keksintöjen isä.
Rhyddid ydy'r dadogi chan chrebwyll.  Svoboda - mat' izobretatel'nosti.
Libertatea este parintele inventivitatii.  Kalayaan ay ang ama ng likha.
Hürriyet bkz. be belgili tanimlik babain uydurmasyon.(?)