That’s called fraud, and it violates consent, and it’s therefore not a free market activity, which makes it more of a breakdown of capitalism than the thing itself.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit
Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, profit motive, meritocracy, entrepreneurship, commodification, voluntary exchange, wage laborand the production of commodities.
The capitalist mode of production is characterized by private ownership of the means of production, extraction of surplus value by the owning class for the purpose of capital accumulation, wage-based labour and—at least as far as commodities are concerned—being market-based.
Capitalism doesn’t qualify as free market activity then. Capitalism inherently involves treating persons as things. In the firm, the workers are jointly de facto responsible (DFR) for production, but the employer gets sole legal responsibility for the positive and negative results of production. This violates the principle of legal and de facto responsibility matching. DFR isn’t de facto transferred, but legal responsibility is. Morally, this is an institutional fraud @memes
That’s called fraud, and it violates consent, and it’s therefore not a free market activity, which makes it more of a breakdown of capitalism than the thing itself.
Hey its called catfishing and for some of us it’s the only way we can get a date…
Signed - definitely not a restaurant totally super hunky dream guy
Hey super hunky dream guy! You said we should meet for lunch, what was that restaurant you mentioned?
When my kids were young they called McDonald’s “Dick Donald’s”.
Just wanted to randomly point that out.
Thanks for clarification!
That’s not what clarification means.
Thanks for clarification!
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I do believe we have different definitions of capitalism
From wikipedia:
(emphasis mine)
What definition are you using?
The other one on Wikipedia:
I mean, capitalism seeks monopolies, so capitalism inherently undermines itself
Capitalism doesn’t qualify as free market activity then. Capitalism inherently involves treating persons as things. In the firm, the workers are jointly de facto responsible (DFR) for production, but the employer gets sole legal responsibility for the positive and negative results of production. This violates the principle of legal and de facto responsibility matching. DFR isn’t de facto transferred, but legal responsibility is. Morally, this is an institutional fraud
@memes
Good luck using them though.