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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.
This is why I favor an NHS in Merika, not "just" single payer.
Focus your point. 1. The rich's money grows with interest, while the poor are fined for having too little. 2. Investment firms and stock speculators don't provide any labour yet make the most profit.
See arbitrage.
Because of the risk the hospital owner takes on! What if you die, because you insurance won't cover life saving treatment, and then there's no one to cover the expenses for your end of life care? That eats into the board's yacht xmas party fund!
Wages are never enough to buy the goods produced. Hence debt mirroring profits. The few accumulating wealth thru property don’t buy the remaining goods but encourage workers to use their credit to do so.
This is my favorite thing today.
I started investing in grad school. Nothing has made me more of a communist than magically making money with no work on my part, and paying less taxes on it than my labor. It's also really weird that unions haven't used stock purchasing as a takeover strategy.
This is a really really really really succinct and good statement.
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