Labor is Prior to and Independent of Capital

[uscitizen]

Seems to me you haven't thought through all the implications of this changed reality we have, coupled with attitudes like yours.

It involves lampposts and ropes.

Oh, I have certainly thought about it.

But would you not agree that most of the Leftists on this thread are not ready to admit such 'changed reality,' much less start discussing solutions?

I mean, uscitizen is still arguing from a hunter/gatherer perspective.

Perhaps that's where the left would rather have us be?

The hunter gatherers are now the finianciers and market players.

 

[Kevin_Kennedy]

Ahh "Honest" Abe, the great mercantilist-protectionist. Of course, I believe it was DaGoose who said it's a chicken and egg thing when it comes to labor and capital, and he's right. Neither is superior to the other, and both rely on one another.

 

[The T]

Oh, I have certainly thought about it.

But would you not agree that most of the Leftists on this thread are not ready to admit such 'changed reality,' much less start discussing solutions?

I mean, uscitizen is still arguing from a hunter/gatherer perspective.

Perhaps that's where the left would rather have us be?

The hunter gatherers are now the finianciers and market players.

And they got there by stealing from others, right? (Or was that hard work)?

 

[Dragon]

So honest Abe was a liberal after all?

Was there ever any doubt? Please don't confuse him, however, with today's so called liberals, because they have absolutely nothing in common.

Sure they do. Both Lincoln and modern liberals (and Jefferson, and anyone else who has ever properly carried that proud label) seek the liberty and well-being of the common person, as against the aggrandizement of the wealthy and powerful. The means vary with the times and circumstances, but the goals are constant.

 

[Valerie]

Human Capital



What’s at Stake

The dynamism of the American workforce is our country’s greatest renewable natural resource. Jump-starting economic growth therefore requires that American workers have the skills that are needed to unleash their potential. One of the troubling features of the American economy today is the mismatch between the skill set of the American workforce and the requirements of the employment market. The gap between the two lies at the heart of our jobs crisis.

Over two centuries American workers have repeatedly proven themselves to be the most productive and the most capable at adapting themselves to changing economic conditions and embracing new technologies that come on stream. During that time, the American economy has also been the beneficiary of the extraordinary contributions made by the best and the brightest from around the world who have chosen to make our country their new home. This combination has propelled the American economy to heights envied across the world. It can do so again.


Obama’s Failure

President Obama’s approach to human capital is, here as elsewhere, to let government take the lead. The federal government has been pouring money into retraining programs. In fiscal year 2009, the sum total was $18 billion for 47 separate employment and job training programs administered by nine different federal agencies. Seven of the 47 programs account for three-fourths of the spending, but all except 3 of the 47 programs overlap with at least one other program.

Only 5 of the 47 programs have had their results thoroughly evaluated since 2004. According to the General Accounting Office (GAO), “little is known about the effectiveness of most programs.” It also turns out that the little we do know has not been particularly heartening. A 2008 study found that one of the five, the Workforce Investment Act Adult and Dislocated Workers program, produced only “small to nonexistent” results.

This is the kind of government waste, political horse-trading, and administrative chaos that has brought discredit on the federal government. We cannot afford to squander taxpayer money in this way. President Obama’s job retraining record is a live, ongoing demonstration of why federal spending in so many areas needs to be scaled back.

Mitt’s Plan
Human Capital


Mitt Romney sees two important objectives that America can pursue immediately to build on the extraordinary traditional strengths of its workforce. The first is to retrain American workers to ensure that they have the education and skills to match the jobs of today’s economy. The second is to attract the best and the brightest from around the world.


Retraining Workers

Mitt Romney will approach retraining policy with a conservative mindset that recognizes it as an area where the federal government is particularly ill-equipped to succeed. Retraining efforts must be founded upon a partnership that brings together the states and the private sector. The sprawling federal network of redundant bureaucracies should be dismantled and the funds used for better purposes. One particularly promising approach that Romney supports and believes states should be encouraged to pursue is a system of Personal Reemployment Accounts for unemployed individuals. These accounts would facilitate programs that place individuals directly into companies that provide on-the-job training—as governor of Massachusetts, Romney helped create just such a program.

Eliminate redundancy in federal retraining programs by consolidating programs and funding streams, centering as much activity as possible in a single agency
Give states authority to manage retraining programs by block granting federal funds
Facilitate the creation of Personal Reemployment Accounts
Encourage greater private sector involvement in retraining programs


Attracting the Best and the Brightest

To ensure that America continues to lead the world in innovation and economic dynamism, a Romney administration would press for an immigration policy designed to maximize America’s economic potential. The United States needs to attract and retain job creators from wherever they come. Foreign-born residents with advanced degrees start companies, create jobs, and drive innovation at an especially high rate. While lawful immigrants comprise about 8 percent of the population, immigrants start 16 percent of our top-performing, high-technology companies, hold the position of CEO or lead engineer in 25 percent of high-tech firms, and produce over 25 percent of all patent applications filed from the United States.

Raise visa caps for highly skilled workers
Grant permanent residency to eligible graduates with advanced degrees in math, science, and engineering

Human Capital

Labor

Education

 

[SniperFire]

Oh, I have certainly thought about it.

But would you not agree that most of the Leftists on this thread are not ready to admit such 'changed reality,' much less start discussing solutions?

I mean, uscitizen is still arguing from a hunter/gatherer perspective.

Perhaps that's where the left would rather have us be?

The hunter gatherers are now the finianciers and market players.

It's been that way since about the invention of the cotton gin.

 

[The T]

Perhaps that's where the left would rather have us be?

The hunter gatherers are now the finianciers and market players.

It's been that way since about the invention of the cotton gin.

And escalated with the invention of mass production...thing is? Humans are being replaced for efficiency in that production.

I thought leftists were acolytes in natural evolution?

Maybe not?

 

[daveman]

How does labor get hired if there's no capital?

How does capital exist if there's no labor to create it? (Chicken and Egg thing)

Inheritance. You know, one of those things leftists hate.

 

[The T]

How does labor get hired if there's no capital?

How does capital exist if there's no labor to create it? (Chicken and Egg thing)

Inheritance. You know, one of those things leftists hate.

And 401k's and investment for retirement that is being dwindled...that the Statists have on thier agenda to raid next...

 

[Dragon]

How does capital exist if there's no labor to create it? (Chicken and Egg thing)

Inheritance.

LOL surely not even you are dumb enough to believe that.

 

[Mr.Nick]

Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation. A few men own capital, and that few avoid labor themselves, and with their capital hire or buy another few to labor for them. A large majority belong to neither class--neither work for others nor have others working for them. In most of the Southern States a majority of the whole people of all colors are neither slaves nor masters, while in the Northern a large majority are neither hirers nor hired. Men, with their families--wives, sons, and daughters--work for themselves on their farms, in their houses, and in their shops, taking the whole product to themselves, and asking no favors of capital on the one hand nor of hired laborers or slaves on the other. It is not forgotten that a considerable number of persons mingle their own labor with capital; that is, they labor with their own hands and also buy or hire others to labor for them; but this is only a mixed and not a distinct class. No principle stated is disturbed by the existence of this mixed class.

Read more: State of the Union Address: Abraham Lincoln (December 3, 1861) — Infoplease.com State of the Union Address: Abraham Lincoln (December 3, 1861) — Infoplease.com

What the fuck is the point of this???

You do realize there would be no labor if there was no capital???

For example -

If people didn't own cars there would be no mechanics - hence no labor.

If people didn't own homes there would be no contractors.

If people didn't buy shit there would be no transportation services, there would be no store clerks, bagger boys etc...

So what the FUCK is your point with this remedial drivel???

 

[code1211]

The relationship between capital and labor is symbiotic. This why it's so stunningly inane of Liberals that they attack Capital whenever they get the chance.

Capital and labor are to an economy as soil and water are to a plant.

Witholding either to benefit the other will force the plant to wither.

This is the approach of the Obama Administration in attacking industry to play to the Class Envy Warfare demanded by its base.

 

[The T]

The relationship between capital and labor is symbiotic. This why it's so stunningly inane of Liberals that they attack Capital whenever they get the chance.

Capital and labor are to an economy as soil and water are to a plant.

Witholding either to benefit the other will force the plant to wither.

This is the approach of the Obama Administration in attacking industry to play to the Class Envy Warfare demanded by its base.

Obama's Road...(And guess who's driving us there)?

 

[daveman]

How does capital exist if there's no labor to create it? (Chicken and Egg thing)

Inheritance.

LOL surely not even you are dumb enough to believe that.

Really? People don't inherit wealth and then start businesses and hire labor?

Are you sure?

 

[Toro]

How does labor get hired if there's no capital?

It doesn't.

That's why capital has first legal claims on a company's assets before labour.

 

[daveman]

How does labor get hired if there's no capital?

It doesn't.

That's why capital has first legal claims on a company's assets before labour.

Some people don't seem to understand that.

 

[code1211]

How does labor get hired if there's no capital?

It doesn't.

That's why capital has first legal claims on a company's assets before labour.

Unless the law is suspended by a tyrant who places himself and his cronies above the law and before the interests of the republic.

 

[The Rabbi]

Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation. A few men own capital, and that few avoid labor themselves, and with their capital hire or buy another few to labor for them. A large majority belong to neither class--neither work for others nor have others working for them. In most of the Southern States a majority of the whole people of all colors are neither slaves nor masters, while in the Northern a large majority are neither hirers nor hired. Men, with their families--wives, sons, and daughters--work for themselves on their farms, in their houses, and in their shops, taking the whole product to themselves, and asking no favors of capital on the one hand nor of hired laborers or slaves on the other. It is not forgotten that a considerable number of persons mingle their own labor with capital; that is, they labor with their own hands and also buy or hire others to labor for them; but this is only a mixed and not a distinct class. No principle stated is disturbed by the existence of this mixed class.

Read more: State of the Union Address: Abraham Lincoln (December 3, 1861) — Infoplease.com State of the Union Address: Abraham Lincoln (December 3, 1861) — Infoplease.com

Lincoln was an economist? Really? Where did he think those families got money for farm equipment, store supplies, etc?
When a politicians starts bloviating on economics, watch your wallet. Jillian proves she is the dunce-chief poseur of USMB.

 

[DaGoose]

Labor will always be technology and capital's lil' bitch now. Automation has captured and displaced much of labor's utility to productivity.

You can long for the good ol' days all you want, but they are gone for good.

Capital is king. It takes a hell of a lot less labor now to produce the goods and services we need.

Same thing happened to agriculture...But, strangely, you don't hear the liberoidals pissing and moaning that there aren't enough farming jobs anymore.

Prolly too much work for the frail little metrosexuals.

Having grown up in a farming community and having worked on them I could take what little you know about farming and stick it in my back pocket. And even today I probaly do more mork before breakfast than you do all day.

 

[SniperFire]

How does labor get hired if there's no capital?

It doesn't.

That's why capital has first legal claims on a company's assets before labour.

Unless you are a UAW worker and Owebama is the POTUS.