huge_clock

You’re also taking a snapshot of the most regulated industry in the US. Building high rises is illegal in huge swaths of urban areas. Before we say the free market isn’t providing an answer cab we actually try it? I’m talking removing exclusionary zoning, speeding up the permit process and reducing the power of local action committees, and reforming the broken heritage process that’s used by rich people to keep their areas from densifying.

Oh I’m sorry i didn’t realize there was empirical evidence for socialism. Please send me a link to some of these successful socialist societies.

You wouldn’t be any better off on a socialist system. The people at the top of the party would control everything and the working class would be even poorer than they are now. You’re just licking the left boot instead of the right one.

Right? There are pros and cons with every system. People disagree based on value judgements not based on misinterpretation of facts. People in their echo chambers will have you believe that everyone on the other side of the political spectrum all thinks the same way “the same people who say X also say Y!” Rarely is that the case. Most people are actually centrists who have their own independent beliefs on a wide range of topics.

Also why would you want to be in an echo chamber? I’m more of a libertarian but I like surrounding myself with people that challenge my views.

😂

It’s not extracted it’s combined with labour to produce higher output than labour or capital on their own.

For example a worker with a shovel could only dig a small hole a day, but with the injection of capital (ie a backhoe) they can dig many more holes. The worker can increase their pay compared to what they would’ve made with just a shovel and the person that provided the backhoe can also generate a healthy return for their capital contribution.

You keep saying “doing nothing” but I earned that money and now I am risking it in investments with uncertain returns.

Like what else would i do with it? Wreck the environment by spending it on things i don’t need?

It depends on the percent of the company you own.

I have no idea what point you’re trying to make.

Employers compete for labourers, so they have to raise wages to attract employers in tight labour markets. Offshoring has been going on for decades but it’s slowing down as developing countries are becoming more wealthy (ie: China)