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
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Replying to @arthur_affect @jaylikewhoa and
sure but thier main job is to be a direct representative for the capitalist class.
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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.
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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.
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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"
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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
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Replying to @arthur_affect @ILoveUTigerLily and
no and if none of that money is invested you wouldn't really be part of the capitalist class either, but thats a pretty blatant edge case.
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Replying to @KidThorazine @ILoveUTigerLily and
My point is I don't think it matters Sitting on a pile of cash you did nothing to earn is still capitalist A pile of dollar bills is a pile of "stock certificates", or as Warren Buffett, the surprisingly woke billionaire said, they're a pile of "work orders on other employees"
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Replying to @arthur_affect @KidThorazine and
Well I would argue that the cash was almost certainly originally acquired by a capitalist and would be redistributed for that reason, but I still don’t think the person holding it is a capitalist because they’re not exploiting a worker.
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Replying to @ILoveUTigerLily @arthur_affect and
This might sound weird to say but I wish every rich person was the ineffectively investing idle rich example you posted instead of the ones that we have that are actively killing the planet in multiple ways at the same time.
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Most of the people who literally own stock are such people The people making decisions to maximize those other people's profit are doing so in their capacity as employees -- executives are employees
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Replying to @arthur_affect @ILoveUTigerLily and
Yes, and we've constructed a system where those employees are supposed to take profit maximizing action even if the shareholders would prefer more ethical behaviour (individual investors often can't do squat because most voting shares are owned by giant corporations )
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Replying to @Kalanyr @arthur_affect and
Shell didn't disclose its findings about global warming to share holders for example in the 1980s.
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End of conversation
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