| ▲ | grafmax 3 hours ago | |
Capital is a commodity, just like a business' product. It does not produce value. Labor does. This is a central point of LTV! We witnessed the same thing with looms and other automation in the Industrial Revolution. Capital that helps you produce more. But owners faced with increased competition under commoditized production see their profit margins fall. Thus they will turn to squeezing workers - the source of value - for profit in the newly commoditized landscape - exactly what happened during the Industrial Revolution. It was only when workers got their act together and organized that this decline was stopped and reversed. | ||
| ▲ | khafra 34 minutes ago | parent [-] | |
Ok, but when the looms can autonomously analyze the market, design the products, organize purchasing and sales channel, run production, and deliver the products, the workers will not be squeezed. We will be discarded. | ||