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A lot of people replying to this tweet complaining that some labor might be more valuable than other labor. Uh...okay? The point is obviously that an enormous amount of wealth is generated without labor at all. Market fundamentalists never seem want to argue that point directly.https://twitter.com/existentialcoms/status/1232754343150936064 …
The idea behind capitalism isn't that the market will allocate resources by paying some people higher salaries than others, it is that one class of people owns the labor of others. Capitalists don't become billionaires from having valuable labor, they do it by owning industries.
If you want to justify capitalism, you don't have to justify why doctors make more money than janitors or whatever, you have to justify why someone can own a for profit hospital and extract wealth from both the doctors, the janitors, and the patients.
Not disagreeing but we’re approaching a post labor=capital era. How do we manage it.
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