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HarbingerDe t1_jegll65 wrote

>That’s such a naive understanding of economics. Exchanges only happen with both parties profit. Otherwise why would you do the exchange if you were not valuing the good or service over what you’re exchanging?

Lol, you're really out here calling other people's interpretations of economics naive?

People obviously buy things because they need or want them. Food; so we don't starve. Housing; so we don't die from exposure. Etc.

It's beyond naive to think that these exchanges can't still be coercive or exploitative. They're almost coercive BY NATURE. If you control the supply of something people desperately need, literally so they don't die, you have undue power and can extort them for much more value than was truly put into producing those products.

> And I expect downvotes given this sub’s anti-capitalist stance. Shame.

You're getting downvotes because your opinions are naive and frankly - dumb.

>Profit is not at the expense of someone else.

Profit = Total Revenue - Total Expenses... It is literally at somebody else's expense i.e. the workers. If you want more profit and don't feel like actually investing those profits back into the business for the long-term goal of generating more revenue, you can always just slash your expenses - primarily with wage cuts or merely stagnant wages that don't match inflation.


Nanaki_TV t1_jegoin1 wrote

What is it with communist and their use of the word “literally” FFS you all sound like broken records.

Profit is an indicator to whether real savings are employed in the best possible way, as far as promoting people’s life and wellbeing is concerned.

Profit or loss can be ascertained only in a market economy where prices of goods and various factors of production can be established. Needless to say that the existence of money is the key in establishing the prices of goods and factors of production. The rate of exchanges of various goods and factors are expressed in terms of money i.e. the amount of money per unit of a good or a unit of a factor of production.

Profit emerges once an entrepreneur discovers that the prices of certain factors are undervalued relative to the potential value of the products that these factors, once employed, could pro­duce.

By recognizing the discrepancy and acting upon it, an entrepreneur removes the discrepancy, i.e., eliminates the poten­tial for further profit.


HarbingerDe t1_jegqsuz wrote

"UwU, I don't use the word "literally". I'm so smart UwU."

I'll say it again. Profit literally comes at somebody else's expense. There are ways to generate surplus value without necessarily taking from somewhere else, automation is a decent example of this. But for the most part, it's a zero-sum game.

Everything that followed was more or less a load of flowery irrelevant bullshit. Profit it's simply the difference between what it costs to produce a good or service and the amount of revenue you can generate selling it.

There are many ways to go about generating profit, but cutting expenses is the primary move for short-term profit-obsessed private corporations. Where do companies often first look to cut expenses? Wages.


Nanaki_TV t1_jegsqu7 wrote

Flowery bullshit isn’t an argument. This sub has become a joke.


HarbingerDe t1_jegw0j2 wrote

That was very clearly not the only substance to my response. But I'd get more out of talking to a brick wall at this point. Waste of time. Peace.