Post AYf5eIln7FThcSXeTY by Faket@mastodon.zaclys.com
(DIR) More posts by Faket@mastodon.zaclys.com
(DIR) Post #AYcvJTOP2PeOct6z2G by ned@mstdn.ca
2023-08-11T16:14:33Z
0 likes, 4 repeats
Louder for those in the back.Record profits are unpaid wages.#union
(DIR) Post #AYdtOwlTFsmaQ5LNPk by freemo@qoto.org
2023-08-12T03:48:40Z
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@ned For the owner as much as the worker....
(DIR) Post #AYf1Zjir4zpFwljhNw by Faket@mastodon.zaclys.com
2023-08-12T16:54:46Z
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@freemo @ned the owner will have it in the end, the worker won't.
(DIR) Post #AYf2hZHbsQqHqAI54a by freemo@qoto.org
2023-08-12T17:07:35Z
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@Faket Well no, not always... The owner is taking a risk, the company may not succeed and the owner may not just not see the profits, he may loose his entire life's savings int he venture...The difference is while the owner may loose everything, the worker is garunteed to be paid for the work he does and will continue to earn a paycheck week after week.@ned
(DIR) Post #AYf3S9S5jXE3KzPEMi by Faket@mastodon.zaclys.com
2023-08-12T17:15:51Z
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@freemo @ned I don't agree, and I know we won't agree on that. I, as owner of a small compagny, will get all the benefits of it at the end. So yes, a small portion of compagny owners will loose money, but most of them/us won't. And the bigger the compagny is, the less loose will change the life of the owner.Stop defendind the riches, they are rich enough.
(DIR) Post #AYf4WBBJLUNzoV2dbE by freemo@qoto.org
2023-08-12T17:27:57Z
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@Faket You said you disagreed then went on to say a bunch of things that all agreed with me... ok.The owner takes the risk, if the company fails they loose a lot.. if it succeeds they gain a lot. on this you agreed. while saying you didnt... ok@ned
(DIR) Post #AYf5eIln7FThcSXeTY by Faket@mastodon.zaclys.com
2023-08-12T17:40:26Z
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@freemo @ned ok. I disagree on the fact that you say "yes workers loose, but owner also". But owners own a lot more than workers, and most of the workers won't ever be owners, because they don't have the money for start. We can't compare both situations.
(DIR) Post #AYf5fcacuZGpNZwtSS by ned@mstdn.ca
2023-08-12T17:40:50Z
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@freemo @Faket In other words, if surplus profit is not re-invested into the company, both in workers and the resources they need, instead of being hoarded at the top, then everybody ends up losing.Problem is, that owners keep capital whether the company succeeds or not. Capitalists don't actually care about long-term success, as evidenced. They just siphon short-term gains then pull it out to out into something else when it fails. Meanwhile, workers lose everything, including their future.
(DIR) Post #AYf5p7d8sAFwFweieW by freemo@qoto.org
2023-08-12T17:42:33Z
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@ned That is a blanket statement that simply isnt true. Generally owners want the future success of their company because then they make even more money, and will invest accordingly. That said there are some fringe cases where an owner might bailout now for fear of a future crash.@Faket
(DIR) Post #AYf5x7qPxbadEkgKCu by ned@mstdn.ca
2023-08-12T17:44:01Z
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@freemo @Faket It's not fringe cases. It's the difference between small business and billionaires. They do not operate the same.
(DIR) Post #AYf66kPRwhkFRzeiYa by freemo@qoto.org
2023-08-12T17:45:46Z
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@ned yea, strongly disagree. Both millionairs and billionairs will invest in the long term if it is profitable... If the future looks bleak either may construct a short term exit strategy@Faket
(DIR) Post #AYhm7S7O1TfdOx94YC by zleap@qoto.org
2023-08-11T19:32:25Z
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@ned And less investment to improve what you are doing, e.g water companies and sewage in the UK
(DIR) Post #AYhm7Sl5drQhO5imR6 by strypey@mastodon.nzoss.nz
2023-08-14T00:45:53Z
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@zleap> And less investment to improve what you are doing, e.g water companies and sewage in the UK... and dodged taxes.@ned