/biz/ - Business & Finance

>>18013721
Capitalism is not "rigged" it works exactly as it is supposed to. Capitalists buy capital and labour power and use these to earn profit, profit is created through exploiting the labourer in the production process through wage-labour, a surplus of the value created by the labourer but not given in wages is profit. Now this is perfect capitalism, arguably more "progressive" than what we have now, a neo-feudal degenerated capitalism where many corporations engage in unproductive (in the classical sense) labour such as rentiering (real-estate, oil, etc) and speculation (finance, software, etc). For example in the software industry, obviously programming is productive labour but software can be consumed infinitely, therefore its price and wages paid aren't determined by labour-time or surplus value, but by speculating on IP. However it is because of this degeneration of capitalism that makes it stable, the perfect capitalist circuit I described to you simply isn't stable. Only through neo-feudal speculation and rentiering, creating super profits to fund a social corporatist welfare state, imposing humanist duties on the bourgeoisie and proletariat alike, can capitalism go on.

What you're seeing in the news, about the virus, is the negation of all of that. The duties are now so grand that the capitalists must grind their own system to a halt, even now the bourgeois state is beginning to criminalize renters and speculators.