surplus labor value

of course they do. If you have a new technology you can charge what you want; if you have a new restaurant you have to charge what the competition charges. Do you understand?

 

What does that have to do with profits? That's great that you're all for new technology, but that has nothing to do with the rate of profit in society.

 

No, you can't charge what you want. You don't seem to understand how technology even works. Cars are better than horse and buggy, but you don't just get to charge what you want because there are alternatives, even if those alternatives are less able to satisfy your wants. A calculator is better than an abacus or a slide rule, but the others still work, hence if you charge a million for a calculator people will just just use the alternatives. Do you understand?

 

I said new technology!!!!!! Cars are not new technology!!

 

Umm, they were a new technology in the days of horse and buggy. It doesn't matter, your idea doesn't hold up. If I invent a flying car that I try to sell for $10 million each, no one's going to buy it when there are regular cars selling for a few thousand dollars. You cannot just charge what you want, and rack up huge profits because you invent a new technology. There are always substitutes, and just because a technology is new doesn't mean anyone would be willing to pay anything for it. If I invent a nuclear-powered toothbrush and sold it for ten cents, would anyone actually want one? Probably not.

Now, I've explained the theory multiple times and given several examples. All you've done is assert your position over and over without explanation or examples.

 

yes and that's when profits are typically highest!!! Get it now?

 

Dear, the more innovative and useful your product is the higher the profit margin will be. If one guy opens a pizza place and another invents a faster computer who will make the higher profits! Invent a better mouse trap and the world will beat a path to your door and pay a hefty profit to you. As the product matures you face competition and lower profit margins trending toward $0. Now I'm sure you get it?

 

Again, I've shown that profits are higher in non-tech based industries with several examples like accounting, real estate and law. And just because you invent a faster computer doesn't mean anything. Maybe your product is faster, but you don't have the business skills to negotiate better prices on your input costs, or maybe you don't have the capital to produce in quantities of scale and thus lower input costs. Technology is not some golden goose laying eggs. I've shown that again and again, but you have this myth in your brain, probably from some TV commercial, that inventions are where the big money is.

 

when you have a great new invention someone else doesn't have it so you can often get a huge profit margin. IBM for example became the biggest most profitable company in history when it was the leader in computers while a guy with a pizza shop barely survived and didn't grow because everyone on earth had a nearly identical product. 1+1=2.

 

Except that is not really true http://www.heritage.org/research/re...-compensation-growing-along-with-productivity

 

sure new inventions make productivity go way way up. A farm plow makes plowing a field far more productive. This is why we are all getting rich; even those who don't invent things enjoys the benefits of Republican supply side inventors.

Wages have not increased much here lately but thats only because liberal policies shipped 20 million jobs to China and because liberals invited 20 million illegals to take our the remaining jobs and bid down the wages for those jobs.

 

So you believe only liberal business owners use off-shore services and/or immigrant labor?

 

actually I didn't say anything at all about the political philosophy of business owners but rather that liberal policies like highest business taxes in world drove 20 million jobs off shore and that liberals inviting in 20 million illegals took another 20 million jobs. Therefore liberalism should be make illegal for its pure ignorance and malevolence.

 

Well...you clearly said "thats only because liberal policies shipped 20 million jobs to China and because liberals invited 20 million illegals to take our the remaining jobs and bid down the wages for those jobs.". A liberal is a liberal whether they are making laws and policy or running a business. You want to stereotype all liberals regarding off-shore procurement and illegal immigration which is as dumb as trying to stereotype all conservatives on the same issues. It's irrational thinking to believe you can simply pigeon-hole people in a political party and somehow this defines who each person might be. These issues are much more complex than your divisive tactics! Further you have zero data to back up your reckless numbers of 20 million jobs off-shore and 20 million illegals taking 20 million jobs...

 

How childlike and cute. Actually a liberal is someone with liberal political beliefs, not someone who manages a business with liberal political beliefs. A liberal or conservative in business may or may not conduct business in keeping with his political beliefs. More than likely both will conduct business with an eye toward making the most money possible.

 

exactly, liberals oppose the wall and shipping illegals home while Trump and conservatives don't. 1+1=2 . Liberalism is so malevolent that it should be illegal

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it defines what their political philosophy is. Now do you understand?

 

How adult of you to immediately make personal attacks...as if I could give a rip about your opinions?

In BOLD above you contradict your earlier comment about liberals sending 20 million jobs off-shore and hiring 20 million illegals...if all of these businesses ARE NOT conducting business with liberal beliefs but are conducting business towards business success, then it was all made out of sound business decisions...not your BS politics...

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I understand you do not have an open mind which would better suit you in problem solving...

 

yes, sound business decisions to move to China and employ illegals here, but nevertheless decisions forced by liberal policies such as highest tax in world and inviting in 20 million illegals. Now surely you understand?

 

conservatives and libertarians have open minds with which they have concluded that liberalism is a deadly malevolent force that should be illegal as our Founders intended. If you disagree please say why.

 

Well I would disagree with you saying that Marx had an authoritarian view of education. In fact he said that elementary education by the state is altogether objectionable. His words in the Critique of the Gotha Programme where he criticizes the German Workers Party program for saying the state needs to educate the children of the future:

Our education system needs to be drastically different and what you said here is very interesting and worth looking into I think.

 

and without the boss or inventor to employ people nobody would have a job, money, or food to buy . In short, we'd all be dead. This is not even Econ 101 but it is pure ignorant liberalism.

 

How did the worker make the widget? He did jumping jacks and a widget poofed into existence? The capitalist supplies the raw materials and *capital* that makes the worker's labor productive.

 

yes and while the worker is a vital link in the chain the free market determines his relative value and wage. It is not coincidence that people get paid different amounts. If a libNazi govt suddenly decreed that the CEO and a assembly line worker exchange their wages the company would fall apart.

 

But this is not capitalism you speak of, because you cannot have a functioning free market within a capitalist economic system. Under the capitalist system the workers wages are confiscated in varying degree by landowners. Under the capitalist system a worker can make ten widgets using his own capital, but the landowners can take five of those widgets away in rent without contributing anything at all to the production of those widgets.

Capitalism is actually very similar to socialism in the way it destroys worker incentives. Under socialism the government can confiscate what you produce (calling it taxes) and under capitalism the landowner can confiscate what you produce (calling it rent). Both systems are equally destructive to producer incentives and it is in this way that capitalism caused the Irish Potato Famine.

 

actually a free market is a capitalistic market. they are identical 1+1=2