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Author Topic:   Extremism. Where is the logic?
Modulous
Member
Posts: 7801
From: Manchester, UK
Joined: 05-01-2005


Message 11 of 24 (801278)
03-04-2017 6:18 PM
Reply to: Message 10 by Faith
03-03-2017 11:14 AM


Re: I Stand For The Working Class...
There isn't a finite "pool" of money that is shared among all, wealth is actually created by people who build enterprises. They aren't just hoarding something that belongs to everybody, they literally "made" it in some sense, which benefits everybody in the end because money is always being used and circulated, nobody just sits on it.
The poor also make that money. The issue at stake is: are they getting their fair share of the money they make?

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Modulous
Member
Posts: 7801
From: Manchester, UK
Joined: 05-01-2005


(2)
Message 22 of 24 (801341)
03-05-2017 9:47 AM
Reply to: Message 15 by Faith
03-05-2017 7:11 AM


Re: LaRe: I Stand For The Working Class...
But wasn't the wealth before capitalism all in the hands of feudal lords, who didn't get it by enterprise but by conquest?
No. Conquest was expensive at best paid for itself through theft or 'sacking', often that was insufficient. The peasants and artisans would produce food and goods, sell them in trade, and Feudal Lords would tax them in exchange for infrastructure investments, keeping the peace, protecting trade routes etc.
It was the people making things that created the wealth. They took raw materials (seeds and soil, metal, wood etc) and turned them into something more valuable than they were before the labour was added.
Feudal Lords added value by inhibiting banditry, raiding and thus stabilising trade etc. They did this, in part, by paying a specialist who didn't create or make anything - the soldier.
Capitalism does benefit the whole society in a way the feudal system of course did not.
Capitalism was born when people who were Feudal Lords in name, decided to start lending money and borrowing money tactically for investments (such as purchasing bulk raw materials from overseas such as silk) and ignoring usury regulations which the Christian and Muslim Feudal Lords were constraining themselves with.
Edited by Modulous, : No reason given.

This message is a reply to:
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