You’re the second person I’ve seen recently make this distinction and I genuinely don’t see the utility, in your scenario an old retired lady with an antique shop that doesn’t turn a profit and has no employees has more social power than a billionaire CEO beholden to shareholders
-
-
Yup I mean it's kind of funny that the go-to term people use as a synonym for "capitalist" is "CEO" CEOs of large companies typically are compensated with a lot of stock in the company, but "CEO" itself is an employee position
2 replies 2 retweets 11 likes -
Replying to @arthur_affect @jaylikewhoa and
eh sort of, most ceos either own a controlling interest or are directly elected by investors, calling it an employee position is kinda misleading.
2 replies 1 retweet 3 likes -
Replying to @KidThorazine @jaylikewhoa and
Okay but regardless of how you become a CEO, on paper, "CEO" is a job - it has responsibilities you are required to fulfill in order to be compensated
2 replies 2 retweets 10 likes -
Replying to @arthur_affect @jaylikewhoa and
sure but thier main job is to be a direct representative for the capitalist class.
3 replies 0 retweets 3 likes -
Replying to @KidThorazine @arthur_affect and
And a representative is a job description. It’s why the labor vs capital divide is problematic because it puts a CEO in the position of having oess theoretical power than a guy with a van with a craigslist ad offering to help someone move, he’s the owner if his company.
2 replies 0 retweets 3 likes -
Replying to @jaylikewhoa @KidThorazine and
That’s why my distinction on capital vs labor is dependent on whether their income stream stops if they stop working. Many (not ALL but probably most) of small business owners are workers to some extent, I would guess.
2 replies 0 retweets 2 likes -
Replying to @ILoveUTigerLily @jaylikewhoa and
Well, okay, but you're still saying the relative amount of money doesn't matter A retiree with a 401(k) is a "capitalist" while LeBron James (until such time as he retires) is a "worker" This doesn't really speak to what most people's concerns are re: "class"
3 replies 2 retweets 17 likes -
Replying to @arthur_affect @ILoveUTigerLily and
I mean does the "income stream" part actually matter? If I have no income, only wealth that I'm slowly spending - say I inherited $10 million from my dad and because I'm eccentric I put it all in a checking account and didn't invest any of it - am I a "worker" then
3 replies 2 retweets 12 likes -
Replying to @arthur_affect @jaylikewhoa and
You’re neither a worker or capitalist in that situation. Work would require you to do labor and capital would require interest on your wealth. Your no different than a guy blowing his paycheck at a bar, just for years at a time instead of hours.
3 replies 0 retweets 0 likes
Okay so what if I did put my money on investments but the investments are generally bad I bought $10 million in stock but while the stock hasn't collapsed it's also never paid dividends and I pay my bills by slowly selling it
-
-
Replying to @arthur_affect @jaylikewhoa and
Same situation as before - if your wealth stack is dwindling you’re not a capitalist. I’m talking about the generation of more wealth from ownership.
2 replies 0 retweets 0 likes - Show replies
New conversation -
-
-
Replying to @arthur_affect @ILoveUTigerLily and
How is that not just a particularly poor capitalist? Like, they have access to capital, they're just inept
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.