On Tue, 2004-11-09 at 09:55, jhrothjr wrote:
> There's nothing wrong with making a profit. What's
> wrong (at least in my view) is that the profit be
> distributed to a class of people called stockholders
> rather than a class of people called variously
> workers or contributors.
Unless the contributors of labor aren't getting paid, then presumably
they're sharing in the value created, just like the contributors of
capital are.
The designation of one chunk as "wages" and the other as "profit" seems
to me to be partly historical and partly a result of differing risk
tolerances. For the same reason that most people put their money in
low-interest bank accounts instead of high-risk investments, most people
prefer a steady guaranteed wage. Guaranteed, that is, by the
contributors of capital.
But I think the distinction has been blurring over time, thanks to
devices like profit sharing, stock options, and increases in
entrepreneurship. Certainly most small-company owners I know would love
to have more investment from the workers rather than outside investors;
the limit is generally employee desire.
William
To Post a message, send it to: [EMAIL PROTECTED]
To Unsubscribe, send a blank message to: [EMAIL PROTECTED]
ad-free courtesy of objectmentor.com
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/extremeprogramming/
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
