I don’t need to reread anything. It’s there in plain English and Marx isn’t being sarcastic. He makes his position explicit.
He’s not being sarcastic, and that’s not what I said. I don’t want to just dismiss this as a straw man, but… He is saying that “freedom” of the market is superficial when we delve deeper into private property, and in the next chapter, the extraction of surplus value. But you’re right, there’s no need to discuss Marx if we don’t need to. But if you can prove something without saying “it’s true because Marx said so” I will not “simply dismiss it.” Tho I am happy to dismiss it if you that is all the proof you can provide.
Do you deny that science allows you to make predictions or do you deny that inflation is caused by an expansion in the supply of money beyond the demand for money?
I deny that “it’s true because I say it’s science” is a valid proof.
- cience allows you to make predictions
- Economics is a science
- Economics allows you to make predictions
Where’s the appeal to authority?
You: The market is the pinnacle of freedom
Me: that’s rhetoric
You: No, that’s economics
Me: and that’s an appeal to authority
You: No, it’s science. Economics can predict inflation by the FED’s actions
Me: that’s another appeal to authority
You: What appeal to authority?
Do you see it now?
Again, the difference is that laborers earn fixed and periodic payments as long as they’re employed. An entrepreneur’s income, on the other hand, is variable. He has good weeks and bad weeks, good years and bad years, etc. In fact, there may be weeks, months, or whatever where he stays in business and doesn’t earn an income at all (he may pay for expenses out of his own pocket).
All of this is fine. But laborers take risks, arguably more than capitalists. Plain and simply, saying they are “risk averse” as a justification for why some laborers are not capitalists is wrong; it is a perversion of the word risk. That is no law. Some laborers are not capitalists because they don’t have the ability to own capital; and there are a variety of reasons why that is so, including an aversion to financial risk by some.
It doesn’t matter if you’re passing judgement on them, it’s still wrong. I could say “human feces is always purple.” I’m not passing judgement on humans… but I’m still mistaken.
I would rather own a coal mining business than work in a coal mine, all other things equal. Similarly, I would rather own my own hedge fund than work for one (again, all other things equal). The question is why don’t I open my own hedge fund, or coal mine, etc? Clearly all things aren’t equal
Yes, clearly you are not risk averse. You would take the financial risk over the physical risk, if you could. But you can’t afford it. You’re risk handicapped, at best. But, clearly, effective economic demand requires more than just need.
Family History: I don’t see what family history has to do with entrepreneurship. Are you saying that entrepreneurship is somehow passed down from generation to generation? You would need to provide some empirical evidence, and I can cite a torrential amount of anecdotal evidence suggesting otherwise
I think people are a product of nature, nurture, and personal will. If your family has a history of poor, uneducated laborers, you will have more of a chance of repeating suit. This is partially genetics (kinda), but a lot of it is culture and social capital (connections/networking). This works in vice versa too.
http://www.economicmobility.org/assets/pdfs/EMP%20American%20Dream%20Report.pdf
What’s also interesting to note is that many of the “self made” wealthy, were entreprenurs. But very few came from below upper middle class backgrounds. Family doesn’t insure nor prohibit wealth. But it indicates wealth rather strongly.
Community Standards: I don’t know what you mean by “community standards.” Can you give me an example?
Does one interact with PHD’s, people with the ability to hire, places with a lot of credit, or have general interaction with many positive role models?
Personal Preference: Well of course. Some people prefer zero risk to some risk (some risk to a lot of risk), others don’t mind risk, and some even prefer risk (risk-lovers).
That’s the point. And I would stake my savings that says there are just as many per capita amongst the wealthy/capitalists as the laborer in all categories. Hence why it is very misleading to say workers are “risk averse.”
Ignorance
Some people don’t even take it to the step of getting the starting capital to begin an entrepreneurship because of ignorance. They don’t know they can, or how. (Or their parents opened bills in their name, never paid them, and now their credit is wrecked lol. This is really quite common.)