Marxism Debate: Is Profit Theft?

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#JordanPeterson #JordanBPeterson #DrJordanPeterson #DrJordanBPeterson #DailyWirePlus

[palehorse]

Profit or loss there is no such thing as a true NON PROFIT. Either your profiting or your losing there is no in between. You do not control how profitable or how much loss you have. Also it is not profit or loss it is Risk vs. Reward. The more you risk the more you can get but also the more you can lose.

[juanmartinreborati]

I work at a tiny company, and I realized that my boss wasn’t paying me, the customers were. I realized that the company was providing me with a system for witch I could earn my money doing my job, and my boss doing his. We both “take advantage” of the company’s system.

The difference between us, is that he put together the system and invested in it and I didn’t. He “built the car” and I’m “driving it”. He’s also the crew behind the driver. If we “win the race” is better for him, for me and the system itself. Now we are more valuable.

A good entrepreneur knows that profits are mainly to improve the company, make it more efficient and let him and his team improve and earn more. Unfortunately there a lot of bad entrepreneurs. Those enterprises don’t tend to last long though…

[joshuaknoll]

If profit is theft, what is loss? Everyone wants a piece of the profit when things are going well, but no one wants to have to cover the losses when things go poorly.

[Bad.Pappy.Official]

While profit isn’t theft, some may argue that taxes can feel like a form of appropriation, particularly given concerns about government spending practices.

[Encryptus]

Company profit: Theft!!!
Worker's profit: Savings 🤗

It's all hate, resentment and envy.

[andybrice]

Imagine two hypothetical scenarios…

1. 500 years ago, a feudal lord violently encloses all the farmland in a small nation. In the present day, all the nation's farmers must rent land inherited by his descendants, who also lobby the government to prevent land reform.

2. A low-income student takes impressive photographs for a school project. They are commissioned as a photographer, and save up money to buy a professional camera. They rent out the camera to other photographers.

Scenario 1 might reasonably be characterized as the exploitative extraction of value from other people's labour. But scenario 2 is clearly not equivalent. It's ridiculously simplistic to classify all profit as theft.

[LesleeWilliams-kofm]

❤ thx Jordan 😊 I enjoy and appreciate all you do

[chrisbeauchamp]

Profit is most certainly not theft. The issue is as individuals amass super wealth they exert power and rig the game in their favour.

We need a mechanism to stop this and keep the playing field even. The socialists try to do this with centralisation and taxes but that doesn’t work and rewards the meek.
The utopian system for me would be capitalist but with very strong anti monopoly and anti competitive laws with well funded independent bodies. One where the mega rich can not lobby government with money and favoured positions after their term

[twm]

As it has been said, “Capitalism is the worst possible economic system — except for all the rest.”

[paulsacramento]

Profit isn't the issue, it is what drives improvements and innovations and expansion. I think capitalism may have gone down the wrong path when public offerings and outside shareholders come to be "the thing". What drives publicly traded companies becomes dividends and shareholder profit, they become paramount.

[carnakthemagnificent]

Profit provides for an employee, and then another employee. Lying and stealing are sins. Having something to show for honest work - that's not a sin. Don't apologize for it.

[vinceocratic]

I’d rather spar with Mike Tyson in his prime than try to debate Jordan Peterson…

[paradiseisland]

Genius JP, explains the simpliest Marxist terms, in other words capitalism is the best economy in the world todayl.

[LunaticReason]

At the root it is the conflict between individualism vs collectivism. Profit isnt theft but there comes a point in which Greed can be damaging which is why people become attracted to the concept of socialism. However people, systems can also be corrupted by the power given to whom gets to distribute or determines who gets what and why. As a person from the West it can feel a lot worse losing those freedoms for security. To others too mcuh freedom is crime, povety, anarchy.

[FoundingStockNZ]

I don't understand why rich people should pay more taxes, and I'm poor! Shouldn't each individual just pay the share of a single person? If I won Lotto I'd have to pay the taxes of 1000 people at once for no reason other than enforced sharing. Yes I understand the counter argument, but you see what I mean...

[MichaelSkinner-ej]

You can’t have hyper productivity. There’s going to be inefficiencies in the system and you have to allow for some of that (obviously- that’s happiness)
For a company, your workforce is everything and you have to think also in terms of their needs. You have to think like you are everyone from top to bottom/ the ground up, and plan for that.

You need profit in order to be able to plan and engineer your projects ahead. The thing is you want to have a good workforce to take along with you.
I understand a company has to think of its well-being. Obviously. But like warren buffet says, and if you watch his behavior, besides Google- they keep all the good employees because they’re happy and they have good financial incentives so everyone can go up- that allows them to have an excellent workforce that they can carry with them, while also planning for the ship.

-You need profit in order to do what is necessary, But you need to balance the needs of the ship (the company ) and the needs of your workforce (your crew) -everything else is your heading and stellar cartography.

[SALTYCOMBATDIVER-ExInstructor]

As long as the consumer has the ability to decide whether or not to purchase something then profit isn't theft. Same goes for taxes.

[TheLoveMakes]

Thanks for the hard work and Emotional Support and wisdom and understanding. 😊

[suggesttwo]

Profit isn't theft. Building a low quality product is theft. China used to build junk. They were building good stuff for a while but now they're back to building junk.
When I was growing up my dad bought my mother a microwave, Panasonic The Genius. It lasted 25 years.
A couple of years ago a friend of mine bought a Panasonic The Genius. I liked it and replaced my 20 year old unit I bought for $5 at a garage sale with the same model. The bottom of hers rusted out and the light went out on mine. Hers broke first out of warranty 15 months. They're not vented properly so you have to leave the door open for it to dry out after you cook something with it. Mine broke during the warranty period. I didn't keep the receipt. If anyone said that Panasonic microwave might fail in the warranty period I would have called them crazy. When hers broke she said take it for parts. I decided at first to install a 3.5W LED light. After that it wouldn't cook. So I pulled the 25W incandescent light from her microwave and then it worked. More theft. Engineered to be difficult to repair. It knew it didn't have the factory light and wouldn't cook. Why would a light that draws less power be a problem?

[brianstrater]

Profit, you came out in the end with more than you had to start.