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Re: Is Facebook the highest form of capitalism?

Prateek Sanjay — Sun, 13 Mar 2011 07:23:24 GMT

I am glad we read the same books, Liberty Student. ;)

Re: Is Facebook the highest form of capitalism?

liberty student — Sun, 13 Mar 2011 04:56:40 GMT

Prateek Sanjay:
Nothing more beautifully demonstrates the power of capital than a single worker producing $4 million worth of services.

Extremistan.

Re: Is Facebook the highest form of capitalism?

liberty student — Sun, 13 Mar 2011 04:08:57 GMT

Capitao do mar:
Call me to the 'true capitalism party' when a worker is producing $400k worth of real wealth, not just services.

What is "real wealth"?

Are you familiar with Austrian Economics?

Re: Is Facebook the highest form of capitalism?

Rcder — Sun, 13 Mar 2011 03:02:40 GMT

"Call me to the 'true capitalism party' when a worker is producing $400k worth of real wealth, not just services."

Of course. Doctors, writers, filmmakers, psychiatrists, lawyers, and every other person in the service sector don't produce any "real wealth", because they aren't making anything tangible, or aren't performing what constitutes your definition of "manual labor".

This is a new spin on the labor theory of value. Have Marxists always thought that individuals in the medical profession don't produce anything of societal worth?

Re: Is Facebook the highest form of capitalism?

Capitao do mar — Sun, 13 Mar 2011 01:07:00 GMT

No.

Call me to the 'true capitalism party' when a worker is producing $400k worth of real wealth, not just services.

Re: Is Facebook the highest form of capitalism?

Tex2002ans — Sat, 12 Mar 2011 21:06:45 GMT

Prateek Sanjay:
Nothing more beautifully demonstrates the power of capital than a single worker producing $4 million worth of services.

Your math is off by a zero. You meant to say $400,000 a worker.

Is Facebook the highest form of capitalism?

Prateek Sanjay — Sat, 12 Mar 2011 17:26:37 GMT

2000 workers producing $800 million in revenues is true capitalism.

Nothing more beautifully demonstrates the power of capital than a single worker producing $4 million worth of services.

Consider that even the legendary IBM produced about $50,000 per worker back in 1915 (adjusted for inflation). Real terms productivity for the most productive corporations has gone up by 80-fold!