So the WSDE is okay with having their expenses being higher than their income? They are okay working day in day out and losing money and not being able to pay their rent?
wrong of course, if they valued it they would only work for companies that gave them a say. Do you understand? workers might value having say and customers might value 50 miles per gallon. if companies don't provide what workers and customers want they go bankrupt. Kode does understand the basics about capitalism.
I guess they want to make a little profit but not be greedy. If they need investors to finance a new factory I guess they would be out of luck unless they found hippie co-op lovers who didn't want to be greedy either and insist on a high return for their risked capital.
The problem is that right wingers aren't aware of basic economics. They do not understand that rent seeking behaviour is naturally curtailed through worker ownership
Its a strange world when links are needed when stating the bleedin obvious. Of course if you'd like to pretend otherwise, have a go at denying the validity of anything said. Try content!
Especially if it’s curtailed equally by all competing firms but of course that’s impossible so we must then introduce communism at gun point. Why is liberalism 100% about libcommie violence.
Capitalism is beginning to harm people like the 700 million who have been moved into the middle class in China after living at subsistence under libcommieism? See why we libcommieism is based in pure ignorance ?
Because you have democratic decision making based on profit through productivity. Rent seeking refers to harming other workers and therefore struggles for support. You might also want to look up Smith's moral sentiments. Actually argue with knowledge for a change!
And how does democratic decision making prevent any particular worker from rent-seeking any more than in a employer/employee model?
Because of the nature of preferences. Smith understood it yonks back, when he states stuff like "nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren". Democracy within the firm guarantees that social approval restricts 'zero sum' conflict
Mostly it guarantees bankruptcy which is why in a free country nobody freely chooses democracy within the firm.
100% impossible of course since harming workers would mean harming profits owners customers. See how easy it is to defeat a liberal?
You're asking for repetition. Smith understood that there was two forms of motives. Zero sum requires that a Machiavellian self interest holds (e.g. a corporation deliberately overpolluting). That doesn't happen within a democratic firm because, given we are socially motivated, harming others is deemed to be a disutility.
You still haven't explained how it restricts zero sum conflict more so than in an employer/employee model. You keep repeating that it does, but you don't explain how it does.
Actually social motivation prevents customers from buying from over polluting firms.See how easily you are defeated?