Anonymous ID: 14c32f Aug. 16, 2020, 9:45 p.m. No.10314572   🗄️.is 🔗kun   >>4596 >>4613

Professor George Reisman on Studying with Ludwig von Mises, Meeting Ayn Rand, and His Contributions.

 

Profits, not wages, are the original income of humanity!

Anonymous ID: 14c32f Aug. 16, 2020, 10:09 p.m. No.10314746   🗄️.is 🔗kun   >>4812

>>10314613

Bingo.

 

And, to address a common response to that fact, of "Without capitalists 'skimming' profits for themselves, the workers would be able to 'keep' all the income"….in that hypothetical world THE WORKER'S INCOMES WOULD BE ALL SALES REVENUES NOT WAGES, because buyers would be paying for commodities being produced, they would NOT be paying for labor.

 

"Demand for commodities is not demand for labor" - Join Stuart Mill

 

>>10314596

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