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Investments > Investing Science > Re: Financial S...
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Re: Financial Sector self-destructing

by Coffee's For Closers <USENET2008@[EMAIL PROTECTED] > Mar 31, 2008 at 06:54 PM

In article <fsovna$qvg$1@[EMAIL PROTECTED]
>, 
ar231@[EMAIL PROTECTED]
 says...
> > forbisgaryg@[EMAIL PROTECTED]
 wrote:
> >> I disagree about Capitalist begin greed-driven.
> >> I don't see getting a return on capital as greed-driven.
> >> If some laborer wants to use my capital without compensating
> >> me then that laborer is greedy.  I've worked hard for what
> >> I have and I've done my best to make sure my transactions
> >> are fair for all parties (to my own  detriment).  Damn the
> >> greedy people who see the results of my hard work and call
> >> me greedy.

 
> (K): Working hard and getting compensated for the work IS NOT the
> definition of 'capitalism'.  That's called LABOUR and its greatest
> proponents are average working people and labour unions.
> 
> Would you please give us all an example of a "laborer wanting to use
your
> capital without compensating YOU".


The technical, academic term is, "Goofing Off."  Expecting to 
receive an honest day's pay WITHOUT contributing an honest day's 
work.

I have actually met people who believe that that is the function 
of an hourly wage.  Particularily a legal minimum wage.  To 
"guarantee" that s/he will receive a certain amount of money 
(based on need), even if s/he negligently fails or WILLFULLY 
refuses to contribute a commensurate dollar value of work 
results.

Their attitude is that, a job is about getting paid do time, NOT 
to do work.  And that, they were entitled to a livable income, 
solely to show up and be physically present in a place they 
didn't like being.

Some actually got hostile towards me for my willingness to work 
on straight commission or piecework type structures.  They 
claimed that it was immoral for an employee's paycheque to be 
based on his/her productivity.  And that I was immoral for being 
such an employee.

Or worse, some claimed that, it is physically impossible for a 
person to accomplish even minimum wage worth of work.  And that, 
survival required having an employer magically subsidise them, by 
paying more than the actual value of their labour. 

Of course, a lot of that hostility was really about how "unfair" 
it is when some people are able to earn more than others, by 
having a better attitude and work ethic.  And how "unfair" it is 
when some people can succeed (or even just survive) on commission 
or piecework, while others "can't" handle it.
 
 
> It's almost always the other way around..... capitalists/employers
> exploiting the labourer and not wanting to compensate him/her with
decent
> wages.


Nobody has any god-given entitlement to "decent wages."  In 
grown-up Reality, workers tend to get market rate wages, based 
upon supply and demand.  Someone with a bad attitude and poor 
work ethic, is going to be penalised.  Including on a more basic 
level than wage amount.  Because there isn't any god-given 
entitlement to be employed at all.  Especially when failing or 
refusing to contribute appropriately to an employer.


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 4 Posts in Topic:
Re: Financial Sector self-destructing
ar231@[EMAIL PROTECTED]   2008-03-30 21:12:10 
Re: Financial Sector self-destructing
forbisgaryg@[EMAIL PROTEC  2008-03-30 15:12:13 
Re: Financial Sector self-destructing
Coffee's For Closers <  2008-03-31 18:54:31 
Re: Financial Sector self-destructing
Video61@[EMAIL PROTECTED]  2008-03-31 21:24:58 

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tan12V112 Wed Dec 3 23:32:22 CST 2008.