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 Capitalism - businesses and the economy 
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Post Capitalism - businesses and the economy
Capitalism

Capitalism, is the thing criticized by many and complained about by nearly everyone whether they realize that's what they are complaining about or not.

What is capitalism? It starts when a person buys labor-time from other people.

What is a fair wage? The worker's produced personal profit plus any personally produced surplus.

But in a setting of capitalism it isn't always easy to know what a worker's personally produced profit is, and this has given rise to the free market where people can charge what they will and decide how much they keep for corporate profits AKA 'Capital' and how much should go to their workers.

The free-market came under-fire many times in history for it's inability to pay the workers a life supporting rate, and from this came salary agreements and eventually a minimum wage.

However the minimum wage is more often than not abused by companies who use it as some sort of government set standard for what a worker should be paid like “look at me I pay my workers minimum wage! I'm doing things by the book, I'm a responsible humanitarian people company”

What is being “responsible” to your workers? Paying them a fair wage, their fair wage is their personal portion of profit and surplus which they earned the company. But how can we find that?

Exposing Gross Profits; the problem with the stock market.

Companies are only required to report net profits, and as such they have the ability to spend every last earned dollar than they can plan to receive on inane junk so long as they make it look accountable like buying 10 billion office swivel chair replacement wheels or screws for tables, stock as it were. They overstock on purpose to keep from having to pay stockholders dues, thus just absorbing money from stocks and turning the stock market into a gambling circuit.

If a company makes 168 billion per quarter and finds ways to spend all of it on supplies or business meetings they can claim profits of $0 and there is no on to hold them accountable for this misuse of money, and there is no court that will pursue them for this money because the only valid reason for it to become a legal matter is if they used someone else' rightful earnings for the purchase. Well, lets go back to the model shall we? If the company makes 168 billion in profits per quarter, then that is a mixture of worker's labor and surplus, and the company's rent during the process, utilities used for the process, and any raw materials for the process.

That isn't to say that a company wont claim that they poured a huge chunk into advertising and call that a utility fee. But that is an example of a bubble market, a bubble market can exist in multiple instances, one of those is when something is mandated by law, another is such as in this instance where infinite amounts of money could be allocated to something outside of the company. This includes, advertising, insurance, financial consultants, legal advisory etc. all of these are bubble markets. And only an irresponsible non-humanitarian company who cares nothing for their own workers would pour insane amounts of cash into a bubble market while giving their employees less than a fair wage.

So the question comes, what should a company itself get? No more than a 50/50 share, if any product or service uses a total of raw materials, utilities and rent that exceeds 50% of the total gross profits, then that company is doing something wrong. Not just a mess-up type of wrong, they are cheating their laborers out of their fair wages. In fact a good company should try to stay as far below 50% as possible for materials, utilities and rent, because then they can amass capital which can pay for new developments.

One problem in the market is a lot of companies are paying for new developments when they are well above 50%, they are cheating their workers out of individual profit in huge proportions squandering tons on insurance legal advisers and advertising and still have the gall to pay millions to develop new extensions of their physical business and or product line which make them more money and give them more people to cheat.

An employer should cover the costs of the materials and utilities and rent (including tax), again if thats more than 50% OF their profits then they desperately need to restructure their business model or rethink their product or market because;

One hour of an employee's time should not be spent making a product or service with initial costs (rent, utility and raw material) greater than the amount the employee is being paid to make it for that hour. This means that you already have a loss before the product is even on the market because it exceeds 50%. Again a good company should stay below 50% otherwise your product is a luxury for a small crowd of extremely wealthy people.

This is by the theory of business that a worker should be able to easily afford the product they are making without putting themselves in a bad situation.

Firstly it stops theft, secondly it makes the employee feel like they are part of the process rather than making something for other people that they could never afford, or loathe to afford themselves. If an employee loathes their product, they become disconnected from the employer and feel cheated, it can only spawn resentment and bad worker morale and ethics.

A happy employee, is an employee that can afford more than just life, but to afford 'really living'. If an employee can afford all of the popular entertainment types as well as running their own life as they see fit off of their job, then they will feel accomplished and happy to work there, this will increase the quality of their work and possibly the quantity or speed, all by increasing good morale and ethics.

So we have established a 50/50 deal. 50% for the raw product, rent and utilities used to make it, and 50% for the worker's pay. Lets move on to the workers pay to complete this model;

The two pay grade system;

Everyone that works on the product/service directly has equal pay to the first pay grade. Everyone that is in a support/maintenance position gets secondary pay.

Primary pay grade: these staff are your backbone, this includes people who maintain or use tools which make the product/service including computers and databases, no matter how big the tool is or how far it puts them from the product, it's still a tool making the product.

Secondary pay grade; lets face it if you hired them it means you couldn't succeed without them. This includes everyone from the secretary who takes phonecalls, the guy or gal that brings your coffee, the guy who keeps your machines up-to-date and safe, and the janitorial staff.

But where is the business owner? There is a special system for calculating CEO or business owner/executive pay.

They get one top level employee's pay (primary pay grade) just for owning the idea/company, and if they actually perform any of the worker's jobs regularly, then they get an additional pay for that workers's pay grade. That's it that's their maximum pay.

After this, then it comes to how much time and productivity any one employee has put in in comparison to their fellows of that paygrade.

So if a business were to make 168 billion in a quarter, and you were a hard working employee for the whole quarter (along with everyone else, all 1 million of them), and there were only 1 pay grade, then how much should you get? The answer is 168 billion divided 2 million; $84,000 for one quarter. This is the worker's fair wage in this instance.

If we need to split the pay grade into two, then we need to decide how much more the primary pay grade is worth than the secondary pay grade, then divide that number by 2, take our total from above make 2 copies, then subtract the amount we just found from one and add it to the other.

Lets say pay grade one is worth 50% more than pay grade 2, we half that number into 25%, take $84,000 get 25% ($21,000) subtract that from the original for the secondary pay grade ($63,000), and add it to the original for the Primary pay grade ($105,000), in this instance an executive can make no more than $210,000 per quarter and only if they work as hard as everyone else in a position of the company dealing directly with product creation or highly skilled work geared towards it. Just sitting at their desk playing golf and chatting up business partners gets them $105,000, no more.

Lets do our estimate with real world averages, Microsoft made around 83 billion in 2015, lets say 41 billion goes to the company to cover costs except pay. Leaving 42 billion left, they had 99,000 employees as of the same period, yielding $441,489.36 per employee if split evenly. With 2 paygrades 50% different the difference being $110,372.34 times 2; the Secondary paygrade employees stand to make $331,117.02 for the year, where as the primary paygrade employees stand to make $551,861.70 , and the Executive stood to make $1,103,723.40 for the year. In contrast in actuality the secondary pay grade actually made less than $30,000, and the primary paygrade of workers made less than $80,000 and the rest either went to the executives or to bubble market stuff. That's not right, that is criminal actually, that money is the result of each worker's hard work, it is the value of their labor and surplus to not give it to them is blatant theft, they are cheating their workers out of money that their workers individually produced.

The workers are getting far less that their fair wage. The company is using the worker's rightful earnings for their own purposes including buying excess material stock to save having to pay out to stock holders, they are using the rightful earnings of others that doesn't rightfully belong to the company without the owner's permission! and that is a crime and a legal matter.

Outsourcing:

Companies don't like to be forced to pay for labor if they can get it cheaper, as such outsourcing has become another problem, no longer can citizens fight for their rightful wage, if they do; their jobs will just leave the country to a group of people who wont fight for it or would fight for less. This scheme (and I say scheme appropriately because it is a sly action with malicious greedy intent), this scheme can be countered by giving company bodies a 'passport' which registers them to their country of allegiance and requires any staff they hire anywhere in the world to be compensated fairly according to all legal actions demanded of them in their registered country.

Plain and simple, it makes foreign labor look no more cheap than home labor unless they wish to have their corporation gain 'companyship' of another country. And even then there should be strict regulations just like immigration for individuals, if you give up your company's nationality and want it back you need to go through a company-immigration process, and it may not be easy and not everyone gets accepted, and it will take a long time, and a lot of nationality hopping is going to look really bad on your immigration record and may be grounds for rejection if you can't come up with a better excuse than “those people over there will work for less”.

A USA company that hires people in India for less than USA minimum wage is in essence committing a humanitarian crime, a crime of racism, a crime of sweat-shopping, a crime that takes advantage of vulnerable people and exploits them for their weaknesses.

It is Equivalent to Mexicans coming to the USA illegally for work because the employers pay more (the flip side of the same coin), it's wrong and illegal.

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Wed Feb 17, 2016 6:27 am
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Post Re: Capitalism - businesses and the economy
The problem is that we are mostly shitting on capitalism without offering any alternatives.

I strongly believe that a socialist model will set the foundations for a more just society.

And I don't mean Obama "socialism" or China socialism. They're just different variations of capitalism. I believe the focal points are the following 3:

1) Negation of privately owning basic and concentrated production means. No more Rockfellers/ Hearsts/ Donald Trumps etc.
2) Central planning of economy in a national level, according to the needs of people (area X doesn't have a hospital, we're gona build that instead of the 100th Mall)
3) Representatives coming from the working class who can be elected and revoked at any time.


Sat Feb 20, 2016 8:08 am
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Post Re: Capitalism - businesses and the economy
In the end all "work" can be reduced to making, moving and fixing; I maintain that there is no need to destroy since everything should be able to be repaired and kept serviceable.

Another simple reduction shows that the only resource we truly have that's limited is our time.

Every human has the capacity to be immortal making time almost inconsequential.

All work can be performed by machines with deep neural networks only capable enough to perform their given function without any risk of sentience or even near cat level intelligence.

Abundance in resources such as to negate any concept of supply and demand (the basis of economy) can be achieved in less than one solar year.

Matter/energy conversions are not only already possible but molecular assembly methods are in development; this technology is analogous to the replicators of Star Trek.

All physical deficiencies and abnormalities resulting from congenital or developmental defects can be repaired or prevented given research which is currently only hindered by ethical limitations too rigidly imposed on the use of human fetal tissues; there is no substitute for the use of human fetal tissue in this research.

The final step in display technology in terms of screens combines face detection, eye tracking, cumulative luminosity density matrices, and ray tracing techniques. This display technology would display a unique image per viewing eye allowing a given number of people—determined by the application of the display and anticipated number of viewers—native 3D video at frame rates sufficiently exceeding that of the human eye at resolutions that also exceed the human eye given proper viewing distance.

That's all for today.

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Sun Feb 21, 2016 2:49 pm
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