That’s pure profit, not counting surplus re-invested into production and expansion, and moreover this wealth extends year over year as reproduction occurs on an expanded scale.
Well it was net operating income, so before reinvestment expenses. But are you trying to count all future profits from reinvested wealth? Why not just say they extract infinite value then.
Yeah from a macro perspective the snowball effect of capital leads to extremely unfair wealth distribution. But the image is from a micro perspective. Wages are closer to 60%-80% of profit produced and the image is claiming it’s like 20%.
The image is kind of a bad way to portray the underlying problem. The skimming of wealth from the working class is real but the rate isn’t as dramatic as the image claims.
The rate is massive at this point, considering how long it has been going on, especially due to imperierialism. You’re referring to the labor aristocracy exclusively when you say 13,000 isn’t life changing.
That’s pure profit, not counting surplus re-invested into production and expansion, and moreover this wealth extends year over year as reproduction occurs on an expanded scale.
Well it was net operating income, so before reinvestment expenses. But are you trying to count all future profits from reinvested wealth? Why not just say they extract infinite value then.
Fair, but my point is that the lion’s share expands exponentially, not linearly, nor is it all consumed every year.
Yeah from a macro perspective the snowball effect of capital leads to extremely unfair wealth distribution. But the image is from a micro perspective. Wages are closer to 60%-80% of profit produced and the image is claiming it’s like 20%.
The image is kind of a bad way to portray the underlying problem. The skimming of wealth from the working class is real but the rate isn’t as dramatic as the image claims.
The rate is massive at this point, considering how long it has been going on, especially due to imperierialism. You’re referring to the labor aristocracy exclusively when you say 13,000 isn’t life changing.
I said it is life changing and rate is not the same thing as extent.
The picture is closer to the truth when you factor in imperialism, and the actual wealth gap.