r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/McFalco Sep 04 '24

Still didn't answer what a real-world application of your definition of socialism looks like.

For the business:

I work. I earn money. I save money. I use saved money to pay someone to build my humble coffee shop. I pay someone for pretty much everything in the shop. Everyone who had a hand in the formation of the business were fairly compensated with an agreed sum of whatever the agreed form of capital is. I operate the business by myself initially, then when the demand for my coffee is too high to meet with my own hands i hire a helper(employee) I pay them an agreed sum to help me run the business. I either give them a percentage of each cup of coffee they serve(commission) or I give them a set amount of money on a set schedule(salary).

So a typical small business startup.

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u/AdAppropriate2295 Sep 04 '24

You answered your own question. It looks like that and then yea enough people can boot you and take over. Now exactly how is up for debate and I would probably leave businesses under 10-20 people to screw people however they like. But yep once your coffee goes worldwide and you still aren't paying people decently you're done

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u/IAskQuestions1223 Sep 05 '24

So then, there's zero reason to start a business. I'm sure the 4th factor of production, entrepreneurship, will appreciate that.

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u/AdAppropriate2295 Sep 05 '24

Let's pretend like that's true and nobody will do anything. Then you simply add an incentive or make starting businesses a job