Late Stage Capitalism

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A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

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1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

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founded 2 months ago

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anticolonialist

K1nsey6

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They keep our value (lemmy.world)

submitted 2 days ago by K1nsey6 to c/latestagecapitalism

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[–] damnedfurry 1 points 19 hours ago* (last edited 12 hours ago)

Okay, so then why am I not simply creating that widget myself and selling it for $1000 on my own, if it's that simple? Likely because of both of the following, to name a few:

I don't have access to the raw materials and tools needed to create it, they were provided by my employer
I haven't spent the money on the marketing that would make customers willing to pay me $1000 for that widget (see: Apple infamously, and largely successfully, charging significantly more for products than comparable equivalent products of other brands)

The bottom line is, there is much more than "your work" that goes into that widget ultimately being successfully sold for $1000, and that's why you can't accomplish the same on your own (or else you would, right?), and it's why you do not have a rightful claim to that $920.

Now, if you're able to create and sell that widget for any more than the same $80 of time/resources, then you should go into business for yourself, and can reasonably say that the business offering you only $80 was ripping you off.

But in the real world, that's rarely the case for very long. Those situations are extremely rare, and when they're discovered by individuals, they're capitalized on (pardoned the pun) pretty much instantly--all it takes is one person to 'close the gap', generally speaking.