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Nothing funnier than people who say capitalists deserves all the profits because they take on the "risk". Most workers live paycheck to paycheck. If they lose their job they lose their house. The worse thing that could happen to the boss is that he might have to become a worker.
Which, by the way, *never* happens. I can't think of a single case where someone with hundreds of millions of dollars "risked" so much that they had to sell their labor in order to survive, like the rest of us.
This is why they talk about assuming risk. There's no evidence of it but they assume it's there.
I am not historian, but I believe some capitalists did suicide in the 1929 bankruptcy, and some mortgaged their house to finance their project. But these are actually exceptional cases, of course.
They killed themselves because they couldn't bear the thought of living like laborers
Bankruptcy laws put workers way down in priority.
They worked hard to ensure State and local governments subsidized away all possible risk
I am a leftist, but today's divide isn't "capitalists vs workers". People would actually be happy, if more old style industrial jobs existed, and they would have a privilege to be exploited. Today's divide is more like "bankers vs capitalists and workers"
Yeah I was wondering about that: what exactly is the risk? Losing 100k bonus?
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