Please reread the original capitalist papers… these people are greedalists NOT capitalists -90
Capitalists KNOW that a happy employee spends more, KNOW that they make far more money in the long haul if all of their employees can easily afford their products, etc. greedalists want ALL of the money in the world in their piggy bank NOW -100
Are you talking about The Wealth of Nations? ….And greedalist? Is that really a thing now?
Anyways, whether you want to believe it or not, these ‘greedalists’ are capitalists. Capitalists are subject to the laws of economics just as much as anyone else. Capitalism, as an abstract structure/process necessarily takes away much decision making from the capitalists, for they must act in ways that will ensure the expansion of their capital. Capitalists act because of forces external to them, though one should not conclude that individual capitalists have no blame. Also, this picture is not necessarily depicting the greed of capitalists, but the intrinsic nature of the capitalist mode of production.
In order for anyone to be considered a capitalist, they must exploit labor in order to produce goods or provide services, and this exploitation of labor serves to expand the capital invested. This process is the extraction of surplus-value. Only human labor provided by members of the working class is able produce value— thus expanding capital. A worker receives part of this value as a wage, but the rest that is created is called surplus-value. This surplus-value is labor that workers are not paid for. That’s what this picture is demonstrating.
When it comes to what you said here:
“Capitalists KNOW that a happy employee spends more, KNOW that they make far more money in the long haul if all of their employees can easily afford their products….”
This is simply not true and history proves it. If capitalists know this, then why did wages start to decline/stagnate in the 1970’s and why are workers in the third world paid sometimes less than $1 a day? Not to mention, not all capitalists employ labor to create goods or provide services to the general public. What incentive does a capitalist who produces capital goods have to pay a worker well? The worker who created these capital goods will not and probably cannot access these goods, they are destined to be sold to other capitalists who will use them in the production process. Also, there are other more complicated ways that demand can be facilitated, such as the all familiar credit system. Workers don’t need to be paid well to use a credit card. There are so many things wrong with this argument, I don’t have time to address them all.
