Instead of understanding how wealth is built, how economy works and then redistributing their own funds they would rather take others. This shows how they're lazy and entitled at their core, it also shows they dont actually care about those worse off if they did they would atleast raise funds and redistribute that, instead they steal it or use it to buy a supercar like piker
>>532799122OK.
>>532799122the existence of the lottery undermines sowelll's point. (poor) people create wealth by collectively dumping their money into a pot to be redistributed to a single winner. so not only is the wealth created, but it is then also distributed . we can then of course break down the idea of the lottery winner himself and who and what that is as it relates to capitalism and we can even find analogies in the lottery rules.
>>532799122if you're so smart then why are you poor?
>>532799122Left Wing politics are for women and niggers who have never established a functional society. It is now being adopted by white faggots who want to be forever babies. Socialism, in the Marxist sense not the National sense, is for retards who don’t understand anything about economics and labour. It’s not an economic system it’s a philosophical system. That’s why no socialist actual understands or can explain how a socialist state will function they just say how they’ll have some fake job that’s actually just their hobby that doesn’t create any value and everyone will be happy. How can you argue with someone who thinks you’re evil for pointing out an inconvenient reality? You can’t because you’re talking to a child. That’s the left, just look at this picrel weak little faggot
>>532799122Socialists are aware that wealth is and has been created by human labour but most of it isn't owned by labourers or their descendants. Redistribution is supposed to correct that. In practice it just ends up in state control, party control or nothing really changes and it's the middle class of workers who get squeezed rather than capital owners. But that's not because socialists don't know where wealth comes from, it's because the existing owners of capital are too entrenched, and anyone who manages to overthrow them ends up being corrupt.
>>532799122Society is split into 3 factions.1 are the creators, innovators, motivationalists, this a tiny group.2 are the peasant cattle, which is the vast majority, they do what they're told.3 are the thieves, redistributors, communists, socialists, muslims and so on who leach off of 1 and 2.
>>532799791You're just picking one particular form of socialism/communism espoused by retards and saying it's the entire thing. It's akin to saying ancap memes exemplify all of capitalism.A system where all the same companies exist as today but they are worker owned cooperatives would also count as socialism.
>>532800120This. Capitalist faggots have no answer for when the market decides to import cheap 3rd world labor besides shaming you for not massively reducing your quality of life to "compete"
>>532799122China won, Sowell in shambles
>>532800354What sort of work do you do that some 60IQ cannibal from Haiti or Uganda is out-competing you in the job market?
>>532799122Socialists are retards. They realise that they are getting scammed but their complete non-understanding of markets prevents them from fixing it.Imagine a worker has to cut a hedge. Pretend this is equally efficient to how it would be done in the 1950s. The economic value of his labour has still increased. This is because the hedge trimming competes with labour at a modern factory with modern tools that allow MUCH larger productivity with same labour expended.The owners class (investors, business owners) benefit from lower labour and they have massive influence over the government. They lobby the government to subsidise labour (immigration, feminism, and forced labour in other forms). This increases supply of labour and keeps wages down. The value of owners' assets still increases.Picrels inflation adjusted wages show, that the lower income workers IN NO WAY benefit from the increased value produced in the economy. They do at least still get to have some modern technology.
>>532799122I know how modern wealth is created and that IS why I'm a socialist.
>>532799122wealth is created by exploiting others to extract surplus value
>>532799122imagine simping for rich "people"
>>532799122>oy vey the rich create wealth!!1Capcucks are dumb af
>>532799122The first time I understood how money actually works was by reading and watching lectures on Marxs philosophy from Yale. He put it perfectly that an economic structure works similar to the body, and money is like the blood.
>>532800457We know what work you do, kike.
>>532801104This. Sowell is just another housenigger for the ruling class, but stupid people think quotes like the one in OP's pic are actually insightful. Imagine pretending you're an intellectual, but your speciality is the perennially disproven "science" of economics.
>>532799791i'm not left wing or a socialist, but your argument is retarded and disingenuous. you're saying because an idiot says something then everything related to it is stupid too.that isn't a take down of left-wing politics, it is a admission you are also retarded as the people you are talking shit about.
>>532799122It shows that they're paid plants, who intentionally avoid the question of how wealth is created because the (((people))) who create our (((wealth))) do so behind closed doors under the cover of global conspiracy. The only sincere socialists are national socialists, because their first order of business was to ensure that wealth was genuine and labor backed, printed only by the state and without usury.
>>532801375And allowing a private bank to print your currency on the basis of debt is like removing all of the blood in your body and replacing it with urine.
>>532799791>That’s why no socialist actual understands or can explain how a socialist state will function.Hi, I'll bite, what specific function shall I explain to you?
>>532799122>wealth just existsThat's true though. It does just exist. Musk didn't create wealth. He just was born and had it. Bezos didn't create wealth. He was just born. No rich person alive earned their wealth. Every single one was just handed control of the world. Mommy and daddy hand to baby what they were handed by mommy and daddy.
>>532802445If you want money, someone or some entity will control the flow of blood, like a heart .
>>532799122>jewish economic "model" is based on thievery with the jew positioned at the topcorrect
>>532799122"Funds" are not limited. Only actual resources are.By pretending that "funds" are in short supply or need to "come from somewhere", conservatives restrict new asset creation under their terms.
>>532799334And then Jeffery Epstein comes along and wins the lottery
>>532799122the meme shows how lolbertarians really are totally clueless and their arguments make it known to everybody.>wealth ... the only interesting question is how to redistribute itand that would be correct.We've firmly established by now that both socialists and capitalists are not really interested in bigger wealth. Empirically, (((capitalists))) are more interested in redistributing it to a select few while socialists at least have a utilitarian goal in mine.The really interesting questions are how race and groups factor in to wealth, and how you operate your economy along a plan. But this is where jewish mindbending broke all mainstream theories. They all can't decouple from the paradigm.
>>532802445The Fed is an agent of Congress. Congress apportions all spending. When the Fed holds a bond, it remits all interest back to the Treasury (minus expenses -- maybe those expenses are too high, I don't know).If people don't like selling bonds or they don't like paying interest on bonds, then it is up to Congress to modify the Federal Reserve Act so that the Treasury can overdraft its account at the Fed or sell the bonds that it issues directly to the Fed on the primary market.
>>532799122Wealth is created when you fleece the entire population off via interest.
>>532802908based MMTer
>>532802630Um ackchyually my dad is rich from working. We have a Mercedes-Benz.
>>532800457The market incentives cheap labor, not good labor. Also, multiracial civilization is bullshit even if the shitskins are relegated to shitty jobs. Unlike you, I don't hate low skill white people
>>532799122>kike lover complaining about socialishttps://youtube.com/shorts/XcBCCy2oxPk?si=pEtoQ9s8CnbbTECC
>>532799122Economy as a field is pseudo scientific unfalsifiable bullshit, and what people don't seem to understand is that besides some really basic stuff in micro economics that is almost tautological, every single claim made by a particular school of economics basically follows from already making assumptions on how societies "at least in average" value shit. But for some reason, economists basically justify these extremely strong assumptions by vibe arguments and stupid "mental experiments" also adding to it a lot of pseudo history. You are basically making claims about human psychology rationality and even morality sometimes that obviously fit the narrative you want to sell.
>>532804653Yup. Pretty much every economic theory assumes "rationality" which means assuming everyone is a selfish profit maxxing individualist. No accounting for people sacrificing quality of life for long term goals past their own lifespan. No accounting for ethnic networks.
>>532799122
>>532804653It's pretty obvious you're white and not a kike. TY for your service.
>>532799122In America it's almost always just ethnic nepotism. They hide it within socialism. Everything America claims to be a lie. (It's literally fake and gay)
>>532799122Brave words from a coon in a recession.
>>532799334How is wealth "created" and not just redistributed in a lottery?
>>532805429the jackpot is the wealth. according to Sowell in the OP he says socialists dont understand wealth because they think wealth just exists. but the lottery is literally example of a wealth coming into existence by pooling collective money into a singular (common) wealth, or abundance and then said abundance is then distributed to a winner. REdistrubution would be the winnings of the lottery winner then being taken from him and divided up into various amounts (based on whatever reasons) and given to whoever and whatever (based on other reasons)
>>532799334A lottery is zero sum. It doesn't generate any wealth The better metaphor would be a factory producing 18 wheelers, and those 18 wheelers generating wealth by delivering food to stores
>>532800120Doesn't the current system allow.worker owned cooperatives?So why don't more founders make worker coops instead of going with the traditional corporate structure we see today? Why don't valuable employees seek out worker co-ops instead of applying for for profit corporate jobs?
>>532806429in real world terms distribution of a lottery jackpot comes in the form of ticket number combos, powerball numbers, and such and REdistribution of the lottery winnings comes in the forms of taxes.the problem is that the words distribution and redistribution dont really work when talking about capitalism, socialism, or communism. because it frames the entire premise of class and wealth in the same way as the lottery
>>532799122Wealth has 3 partsPart 1 is the relationships between humans who control/operate production infrastructure.Part 2 is the efficiency and effectiveness of infrastructure operation.Part 3 is the infrastructure which produces.The communists traditionally fail when it comes to part 1. The correct way to set up relationships between humans in a business is to establish fair and meritocratic contracts and laws and freedoms regarding how workers are to treat one another in business and to abolish ownership of a business through title or stock in favor of democratically run businesses like cooperatives. Historically almost every communist state failed because they established state monopoly control on business, and enslaved the working class to the communist party high officials and the chairman. Essentially communists keep establishing monopolistic monarchies and then wondering why the economy is doing so poorly, aristocrats are by and large incompetent and only interested in ingratiating themselves, and aristocracies have little incentive to do a good job managing the common people when those common people have no ability to petition, speak freely, or have some control over how military force/law is used. And calling your aristocracy "communist party officials" will not make them less of an aristocracy.
>>532802630What are you talking about?Jeff Bezos was raised by a single Mom. Amazon started with him selling books online from his garage. He didn't need an enormous sum of money to make a website selling books online from his garage
>>532799122They don't have funds. No one does. That's the crux. People have to imagine solutions to problems that don't exist, because the real problems are illegal to talk about.Socialists are simply greedy bastards, so they get swindled pretty easily into being "Rebels">>532806429Wealth is not created in a lottery. It is simply distributed, and you are proving the niggers point.
>>532806738He got like 100k or something back in the 90s from a family member to start it. He had more than most, that's probably around 1mil today. No one I know is going to hand me 1mil to start a company.
>>532806453no the lottery itself IS the wealth, or the abundance, created and birthed into existence out of nothing except through an idea, and that abundance is then given, or distributed to the winner(s). im not saying the money in the bank account of the winner is now wealth.
>>532806818see>>532806938
>>532799122The jewish oligarchy is failing us worse than socialism. Capitalism is corrupt. It would be awesome to see the jewish oligarchy in fear, but they keep us arguing amongst ourselves about trivial nonsense.
>>532799122imagine paying idiots a low wage and charge consumers that an extra 10x for every product they demand.damn I'd be a billionaire now if I thought like a jew
>>532806453you can think of the lottery as a money cornucopia, a horn or jackpot of plenty. into which everyone has contributed something in the hopes for a chance to reap all of what was contributed that abundant wealth of money was created out of whole cloth (for fun, of course), and birthed into existence and is now just kinda there.
>>532805181The profit is the grain. Pic doesn't make sense.
>Only the money wizards of the circle of private economic magicks can conjure wealth from the æther. If you try to collectivize control over the magical reagents of economic spellcraft then the wizards will stop weaving their sorcery and without their sage guidance, the ley lines of the markets will split apart and we will plunge into economic darkness for our hubris!Peasant mentality
>>532806738One guy can do that retard. Nobody else is going to found Amazon.
>>532799122I think lots of socialists are delusional and misinformed, but this statement is laughably false. Marx seethed about wealth creation for thousands of pages.
>>532806573>Doesn't the current system allow.worker owned cooperatives? Yes, under socialism they would be the only thing.>why don't more founders make worker coops>Why don't valuable employees seek out worker co-ops instead of applying for for profit corporate jobs?Co-ops aren't attractive to investors because they distribute profits to workers instead of shareholders. Consequently it's harder for them to get investment. You might think you're making a defense of the profit motive or something, but what you're defending is actually global finance, central banking, etc.
>>532807698This isn't really related to central banking.
I don't understand why people get so butthurt about capitalism. It's never been easier to make money than it is right now, at least if you're not from some third world country. All you need to have is an IQ above 95 and a little bit of tenacity.
>>532807875It's the reason VC firms, hedgies etc. have so much cash to throw around in the first place.
>>532799122Does this apply to aid to Israel and military spending ? Or these are protected from the market ?
>>532799122That Sowell quote is remarkably antisemitic. Didn't he marry a Heeb?
>>532806938>no the lottery itself IS the wealth, or the abundance, created and birthed into existence out of nothing except through an idea,Jesus. We need to teach basic economics in school. Your "creation of wealth" is simply an uneven perception of risk vs reward. The couple of bucks a week you spend on a lottery seems like nothing compared to the highly improbable return from a win.Lotteries are a tax on people who can't do math.
>>532799122It's a philosophy created by the parasitic jews. Of course they have no interest in working to create wealth.
>>532806573>Doesn't the current system allow.worker owned cooperatives?Yes. But you have no idea what it would take to buy into a job. OTOH, you could have a system wherein you would slowly vest in ownership. That's how we got Enron.
>>532808297Perhaps Israel is simply using up all Jewish credit that they can get their hands on. I wonder what the interest payments look like, and if they can be deferred much longer.
>>532806866He got a lot more than $100k and he was already working on Wall St. in a high paying job before he started Amazon.
>>532808284No it's not.
>>532806573>Doesn't the current system allow.worker owned cooperatives?Its fine if its agriculture/agriculture product, or if its a subsidy enterprise that focused on importing via market scale.But history has shown that if a coop is allowed to get into the big league, inertia will stagnate, and it will get outcompeted. And then the founder is going to kill himself over his life's work dying to internal stagnation.
>>532808722Check out the big 4 accounting firms. They run the model you're referencing
>>532808284central banking is an important pillar of both socialism and communism.
>>532808483stop thinking about the contest itself and think about the massive pool of abundance that was created for the purpose of being distributed to a person. that abundance/pool/jackpot is a created wealth by (poor) people via a constructed idea. therefore that abundance simply exists. i dont need a basic economics lesson. youre simply missing the point of my analogy
>>532806429>but the lottery is literally example of a wealth coming into existence by pooling collective money into a singularBut there are no new resources created. This is just redistribution.
>>532807057This. And all the wealth accumulated through history is from jews lending money with interest. 100% of all the wealthy people in the world have jewish blood. They control the world with usury.
>>532803980So you're unemployed and have never even attempted to get a job?
>>532799791Pretty much dead on.
>>532814287Total non sequitur. Concession accepted.
>>532800120There are very few worker owned collectives that compete on a global scale, really none. The average employee owned company has fewer than 50 employees. You cannot sustain the level of development we have with fragmentation to that level. Think of the world that instead of having one Amazon or UPS there would be tens of thousands of them. That worked when economies were mostly regional. No fucking way on a global scale. These ESOPs also fail at a higher rate because it turns out most employees don't understand business. Also they don't want the risk that losses may bring.
>>532800369China is neither socialist or communist. It is capitalist authoritarian.
>>532802630> No person alive earned their wealth You have to be some recent college grad or currently in college, being taught by Professor Finkleberg Goldnose Shekelebaum from Commie University, to day such a stupid thing.
>>532799122What a snake.The absolute state of western "economists".African Americans have already disowned this guy right.
>>532799122Sowell becoming popular for being a vague lolbert with a fleeting grasp on economics somehow gets everyone to overlook all his batshit insane "blackisms"
>>532799122Capitalism is voodoo shit to keep pedophiles in power. Always has been. Anyone still shilling it just works for a government at this point.
>>532816191And you sound like a 16 y/o with zero life experience.
>>532805181Is this actually implying they're farming because they enjoy it rather than so they don't starve?
>>532799334this is honestly one of the dumbest posts i've ever read here.
Wealth is created by the working class, who are deprived so much they think a crumb from the table up on high is a good deal by comparison to anything else. Workers are worth more than they believe, vastly more, but have been convinced that it’s okay to just accept what they get.
>>532799958>Socialists are aware that wealth is and has been created by human labourSo they’re wrong.Work alone does not guarantee the abundant production of the goods people need and want.In fact, this is the problem with every socialist country. They are notoriously inefficient at determining what work actually needs to be done, and then they’re even worse at producing abundance in whatever is produced.
>>532799122Sounds like they're just as bad as landlords!
