Widdekind
Member
- Mar 26, 2012
- 813
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In the documentary The Corporation, activist Noam Chomsky seemingly espouses the Marxist doctrine, of "Surplus Profits", according to which all business profits are "owed" to the workers, in wages. Please ponder. A corporation, engaged in some business, "buys" the labor, of the worker, paying them their wages. And, that corporation also buys many other "inputs", e.g. electricity; water; coffee filters; styrofoam cups; chairs. Each of those "purchases" is an independent economic interaction; and each of the "products" purchased, by the corporation, are bought, at a "fair market price", determined by the supply versus demand, of that "product" (and no other factors, lest the market be un-fair).
Ergo, workers, who sell their "labor" to a corporation, are no more "owed" a cut, of that corporation's profits, than those other economic entities, who sell other "products" to that corporation. Logically, if you accept Marxist "Surplus Profits" doctrine; then you have declared "open season" on corporations, doling out all their profits, to all of their "up-stream suppliers", who sell them their production "inputs". I.e. you have de facto "opened up the corporation's wallet, and dumped all their money on the ground". I.e. you have "voted yourself the corporate private treasury".
Ergo, workers, who sell their "labor" to a corporation, are no more "owed" a cut, of that corporation's profits, than those other economic entities, who sell other "products" to that corporation. Logically, if you accept Marxist "Surplus Profits" doctrine; then you have declared "open season" on corporations, doling out all their profits, to all of their "up-stream suppliers", who sell them their production "inputs". I.e. you have de facto "opened up the corporation's wallet, and dumped all their money on the ground". I.e. you have "voted yourself the corporate private treasury".