I mean it in the Marxist sense; the worker produces value, a part of which the employer takes. Maximizing the amount that is kept is a logical consequence of the profit motive, particularly once everything else has been squeezed as far as it can be.
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If all it took was labor to create and sustain a company, you would see a lot more successful companies, it would be much easier than it actually is. Any group of workers who got together would form a successful company. They would have no problem getting capital because
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the lender would feel secure in loaning it, because all it takes is labor and they have the labor. That sounds like a very safe investment!!!
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Sure, leadership matters. But leadership isn't the same as ownership. A company or other entity can be owned/controlled by the workers, including those who lead. (But again, this is just one sliver of the bigger discussion.)
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Management *is* labor. Not all 'capital' owners know anything about managing a company. What capital ownership give you is ability to gain from profit / interest on money invested (and the privilege of asking more 'capital' from banks). It is a passive thing.
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