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Here Are The Top Arguments For And Against Raising The Minimum Wage

#profit    #minimum wage    

i learned that the Sinaloa Cartel earns between $3 billion and $39 billion US Dollars a year (x)

Health insurance companies shouldn’t be able to pick and choose which treatments they’ll cover. I just got diagnosed with a condition (Small Fiber Polyneuropathy) that can be effectively treated or even cured with IVIG. But because IVIG is expensive and my doctor has a hard time getting insurance companies to cover it, he’s putting me on other medications that are much less effective. Health insurance companies shouldn’t be allowed to prevent doctors from properly treating their patients all in the name of profit. 

callingoutbigotry:

mr-cappadocia:

callingoutbigotry:

wanna hear a joke?

men’s rights activists

Create blog called “Calling out Bigotry”

Engage in actual bigotry.

????

Profit.

The point of this joke is like sex with a real human being: it’s something mr-cappadocia will never get

Get called out for making an immature joke.

Reply with immature joke.

????

Profit.

wilwheaton:

ayellowbirds:

thefingerfuckingfemalefury:

shitpost-senpai:

prochoice-or-gtfo:

paintedspectres:

this-tragic-affair:

PETA: They’d rather spend their money on publicity campaigns than on the animals in their care. PETA killed 73.8% of the animals in their care in 2015 (x)

FCKH8: Is a for-profit company that exploits oppressed groups for money. They’re also wildly uninformed, and spread misogyny, cissexism and bi/panphobia, as well as stealing their posts/designs (x)

Autism Speaks: They spend most of their money on researching a way to eliminate autism, heighten the stigma against autism and don’t have a single autistic person on their board (x)

Please support other, better charities, and feel free to add any others you can think of to this.

Susan G. Komen for the Cure: CEO makes insane amounts of money, they deny a lot of requests for wigs/help with treatment/etc., and have attempted to sue other charities that use the color pink as part of their anti-breast cancer campaign. ( xxx )

The Salvation Army: They promote the hatred of LGBT+ people, work with fundamentalist Christian groups to support conservative politics and rip off and exploit workers. ( xxx )

Wounded Warrior: They take money that should be spent on veterans and blow it on huge opulent parties for the company bigwigs. 26 million in 2014 alone wasted! ( xxx)

^ Important reminder to NOT waste any money donating to these groups

Reblogging because of the added info about Wounded Warrior.

Signal boost.

Thought for a Sunday


“…be mindful of this — that to exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one’s profit out of the need of another, is condemned by all laws, human and divine. To defraud any one of wages that are his due is a great crime which cries to the avenging anger of Heaven.”

Pope Leo XIII

Collage de Catherine Villard (4/29).

Collage de Catherine Villard (4/29).


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Marx’s theory of value (re divergence of value from price) explains the foundation of surplus profit, which is significantly related to the unprecedented wealth of contemporary moguls, and its association with technological advancements/ increased productivity— eg in industrial production, specifically improvements in machinery, more productive factories. With related technological improvements, more productive units become the measure of price (exchange value). But these technological improvements are not instantaneous — eg because all branches of production are not the same. Thus there are varying degrees of productivity. And the least productive initially influences market price/ exchange value. Hence surplus profits for higher productivity, while market price fluctuates above market value. However, after a certain point, surplus profits “equalize” with average profits via competition, market price gravitates closer to market value, and the rate of profit becomes the same for capitals across the board. Again.. this presupposes that re- production of means of subsistence/ labor/ society is determined by production of surplus value (profits / rent) and the “law of market value”.

Finally, Marx’s examination of surplus profit notes how the law of market value creates a “false social value”, based on exchange value instead of value, that exploits society in terms of consumption/ consumers. For me, this offers an important theoretical foundation for organizing exploited workers at the point of consumption in addition to organizing at the point of production. And not only against capitalist producers but against the landlords as well; particularly with present, even more exorbitant rents and related surplus profits.

More directly bearing on Marx on “Value” below ..

Bringing clarity to my earlier posts re differences between value vs exchange value and surplus value, Marx’s analysis of surplus profits in industry and agriculture by those who first introduce advances in technology explains how the market price/ exchange value of early capitalist production (unconsciously) deviates from the value of these commodities based on labor time — with surplus profits initially forming the basis of the capitalist class system and existence of capitalists/ landlords. As Marx notes, with the abolition of capitalism — and, indeed, abolition of any system based on exchange of commodities — products of labor would be produced and distributed (consciously/ planned) according to their use value. I feel this further confirms the end of the historical presence of value through communism and the abolition of exchange — as suggested by Marx.

I’m taking a hiatus in reading today due to exhaustion and other issues. However, this gets to what Marx emphasizes re. explaining capital as value which self increases its money form. And means that, the center of the reproduction of labor/ means of subsistence — and expenditure of labor time— is determined by exchange value and making advances in terms of money. At the same time, allocation of labor power is regulated by the law of value through purchase and sale on the market. Means of production are used by those who own them for purposes related to profit, rent, and interest — ie not the satisfaction of need and want — as would be the case in communist society. Going on under a communist society (as, eg, pre capitalism), use value becomes the standard in terms of production, not (exchange) value or surplus value. Consequently, with these revolutionary advances in social reproduction, accumulation of capital is finished off. There are numerous use values produced (globally).. with satisfying human want and need and keeping labor time to a minimum determinately influencing distribution of labor/ means of subsistence.

An addition to the debate on simple and capitalist commodity production — and a couple points to consider Marx’s theories on “value” and “surplus value”:

The argument forged by Marx suggests that relations of simple production of commodities (ie values/ exchange values) and the law of commodity exchange (ie the law of value) do not in themselves produce surplus value. Capitalism, as opposed to simple (ie, pre capitalist) commodity production, can only begin with production of surplus value. Conditions of production — and expansion — of surplus value defines capitalism. This constitutes its identifying feature.

As understood by Marx, accumulation of surplus value is a necessary function of capital; “necessary” in as much as representing its source of profit; and requires that workers produce more than the value equivalent of the daily average of commodities required for their subsistence — thus exploitation. Nevertheless, the initial laws of simple commodity exchange and relations associated with value obtain within capitalism — albeit, in a modified form — which Marx called the “average rate of profit” — such that production of commodities and exchange of equivalent values results in a greater sum of values — surplus value — profit — bestowed upon capital. Thus, as Marx indicates, equality of value form/ commodity owners coincides with exploiting workers and wage labor under capitalism.

As explained above, profits on capital in accordance with the law of value is one of the most glaring contradictions of capitalism. And the solution to the paradox lies in the unique capacity of labor power to produce more exchange value than its own. But still leaves us with, as we witness, the blind mechanisms of commodity production — which continue to interfere with satisfying human need.

A real investment is get rich slow!Daily Investing/Trading Tips Follow us > @scott.peterson.wil

A real investment is get rich slow!

Daily Investing/Trading Tips Follow us > @scott.peterson.williams
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Picture is for motivational purpose only (at Los Angeles, California)
https://www.instagram.com/p/CPg3JAXHfBa/?utm_medium=tumblr


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redditfront:A recent board meeting at Apple - via http://ift.tt/2cqrf3jAs seen by a fly on the w

redditfront:

A recent board meeting at Apple - via http://ift.tt/2cqrf3j

As seen by a fly on the wall.


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The working class, or proletariat, are waged employees. They rely on this wage to survive.

They are hired to make money (surpluses) for their employers. In order to keep a job, workers must create more wealth than they receive in wages.

Employers collect these surpluses. Everything left after wages are paid is profit. Employers therefore receive more wealth than they create.

image

How profit is created and distributed (simplified).

Under capitalism, the wealth dynamic resembles that of older economic systems - lord and serf, or master and slave.

In each instance, those who work create surpluses, and in turn may receive enough to survive, but not enough to escape reliance on the exploiter.

The use of ‘exploiter’ is not moralistic. Under capitalism, individuals must be one or the other - employer or employee, exploiter or exploited. The relationship is systemic.

Wage competition between workers forces wages down.

When workers cannot live on the wage, the capitalist state subsidises the employer through welfare schemes.

If workers could not live, the market would collapse.

Workers compete for jobs. Employers choose those who will accept the lowest wage.

As poorer nations entered the market, employers moved jobs en masse to those places. Workers do the same work on very low wages.

This created mass unemployment in the countries where capitalism began.

Without an income, individuals cannot buy what capitalists are selling. Workers in poor countries can’t afford the products of their labour - wages are too low.

Welfare programmes, although they were won by workers, create a consumer base in the countries left behind by industrial capitalists (they enable the unemployed to buy).

The market depends on the capitalist state. They appear antagonistic, but the capitalist state continually saves the market from extinction by its own hand (this is a ’bourgeois dictatorship’).

Maximisation of profit minimises disposable income. Therefore, a ‘free’ market is impossible, as is ‘anarcho-capitalism’ (also known as ‘right libertarianism’).

#class system    #bourgeoisie    #proletariat    #marxism    #socialism    #revolution    #profit    #low wages    #capitalism    #communism    #inequality    #control    #1 vs 99    #richard wolff    #analysis    #exploitation    #environment    #wage labour    #wage slavery    #bourgeois dictatorship    
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