In capitalism everyone owns their labor and sells it, and the product of that labor goes to the person who paid you and you get a wage. The product of your labor isn't your wage, its the material difference you made by doing the labor.

Definitions do matter, and youre ignorant of the very basics of this field, like usual.

You're attempting to make a distinction between "pay" and "product".

The product of the retail cashier's labor is called a "paycheck". The worth of that product is determined based on the mutual consent of the laborer and the business they are working for.

The very fact that you're attempting to dictate that the product of a person's labor cannot be purely financial is complete and utter ignorance on your part.

We're WAY past the "simple barter system" that is the most basic form of capitalism. No 1 person can simply create an iphone and the network that makes it exist.

Again, the profit for my labor goes to ME. Because everything I receive for my labor is profit. And was negotiated by ME. The product of my labor is quite literally my paycheck.

I think part of your problem is a fundamental lack of understanding of what currency is. $1 has no intrinsic value. Doesn't even make good toilet paper. It's the product that the $1 represents that has value.

Your attempts to disassociate the currency form of trade with capitalism itself is so incredibly stupid it's laughable.

Try harder, commie.

Edit: A simple question to ask yourself: Can money represent capital goods, as opposed to a finished product? If the answer is yes, then the system is capitalist, and you own your labor. If the answer is no, it's not.

This post was edited by InsaneBobb on Sep 29 2020 09:24am

Stopping here.

I am informing you of how these terms are used because you have clearly never interacted with this field before.

I am not attempting to make a distinction, I am informing you that there is a distinction and showing you how these terms are actually used.

At least look up the language and read an introductory chapter before you start trying to lecture others on something.

This post was edited by Thor123422 on Sep 29 2020 09:25am

You're simply telling a lie. Money can and does represent capital goods. You can use currency to purchase tools, land, vehicles, and other forms of capital goods, which you can use to create finished products yourself.

You have no base level understanding of capitalism OR currency, it seems. Anything else to add, or you done?

You've made it pretty clear that you don't even understand the most basic aspects of this because you don't even know the introductory level definitions, and you aren't willing to learn so I don't see any value in continuing

You're attempting to redefine well-defined terms in false ways.

That's called lying. Simply put. So, if you wish to add something, go right ahead.

Otherwise, we'll just agree that owning your own ability to create capital is much better than being a slave of the community and call it good at that.

I'm not giving you definitions that I've made. I'm giving you definitions that are universally understood by those who are involved in the field.

I'll go ahead and repeat it one more time. None of this is my invention, it is first chapter economics terms

You have not provided any definition that is "universally understood" by anyone. All you've done is attempt to redefine.

Your attempts to point at basic economics courses makes what you say even more worthless. As in both macro and micro economics, the emphasis on what currency translates to is key.

The reason Corporate Scrip was outlawed is because it confined all means of production to the corporation, actively preventing the laborer from owning their own labor. They were forced to live in corporate housing, "shop" for consumable goods at the corporate store, and that was that. Change "corporation" to "government" and that's effectively what communism does.

The fact that the USD represents capital goods, not just end products, is specifically WHY it can be considered "the product of your labor".

At any rate, rather than talking about how much you know, why don't you show that you know anything at all? Rather than constantly referring to how smart you are, wouldn't it be a better idea to show it?

At this point, you're worse than the purely ignorant who believe that communism can ever work without an overwhelming force of government. They simply don't understand reality and human nature. You, however, actively lie.

Not willing to learn or listen, so no point in continuing.

Show that you have something to teach that is worth learning, and I'm sure everyone would be happy to listen.

You attempt to talk about the product of your labor not being your wage, but that's literally the product of your labor, as that wage represents capital goods.

Your assumption that the business owner pockets the product of your labor is absolutely garbage. First, it presupposes that I don't work for myself. Second, it assumes that the business owner's labor is worthless.

At any rate, if you're going to stop pretending to be knowledgeable, just stop. NN to constantly talk about how you're smart.