In theory you get the iPhone without capitalism, in practice, you get to drive around in a Trabant.
Capitalism didn't build the iPhone. Workers built the iPhone. What capitalism did was give the money to the owners, rather than the workers.
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do you include the designers and engineers in the category of workers?
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böhm-bawerk would disagree - and he has very solid points on the matter. you probably should read something about his works
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wat to know your stuff! People usually forget him between Menger and Mises.
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But would workers have built the iPhone without the capital owners' profit motive giving direction?
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you're telling me 1000 workers woke up one day without direction, wandered into a factory and started building an iPhone.pic.twitter.com/lORNyWPaYo
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You mean Apple cheated workers? No 1 got paid? Shareholders do not deserve returns? Workers invented iphone?
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