Kwakigra,
@Kwakigra@beehaw.org avatar

The three things which you mentioned are related to the fundamental issue of capitalism. My essay was a bit of a brain dump so let me clarify and directly state the relationship:

The fundamental unit of Capitalism, the thing that drives everything, are Capitalists (investors) investing their capital (Money) with the intention of receiving a return on their investment (more money than they invested). The only reason that a capitalist would invest their capital in an enterprise is to maximize the return on their investment and however the enterprise accomplishes providing that return is not as relevant as that it does provide a return. A Capitalist is interested in investing in the enterprises which are most likely to provide them a return on their investment and the highest return possible. For this reason, an enterprise either run by the capitalist themselves or expecting to be funded by capitalist investment must maximize their profit. Since profit is revenue minus expenses, an enterprise must do some combination of minimizing expenses and maximizing revenue to make profit as high as possible. This is the dynamic of a capitalist economy. Capitalists want to maximize the return on their investment, so enterprises are obligated to maximize profit before they are interested in anything else. This is the uncorrupted system working as intended with no bad behavior or malice involved.

People who are not capitalists in capitalism are workers. A capitalist can work themselves (typically as owners which is a different kind of financial interest), but only their investment is necessary for them to be in the capitalist position. A worker is typically not involved in the flow of capital and is traditionally there to sell their time to a capitalist enterprise to have a decent standard of living. The worker in capitalism is considered in the same class as other necessary expenses which are relevant only insofar as they relate to profit (see dynamic above). When a technology is introduced which allows an enterprise to reduce expenses by reducing labor costs, that enterprise is obligated to do that in the interests of profit for the interests of capital. Because under capitalism the only way that a worker can have a decent standard of living is through selling their time to a capitalist enterprise, they being cut off from their way to have a decent standard of living because of the nature of business is an existential threat to them until they find a different enterprise to sell their time to which behaves the same way.

With all that context above, what I am saying is that only due to the nature of capitalism would labor saving technology be a threat. If the primary goal of an economy were something other than maximizing the financial return of Capitalists when most people in the economy are not capitalists and was instead for example quality of life of its inhabitants or other such thing, labor saving technology would cause less labor having to be done by workers. As it stands, less labor needing to be done means less expense, more profit, and more returns for capitalists.

Have you ever had a natural compulsion to leverage your capital assets in a financial vehicle for maximal returns? Political support for capitalism by capitalists may be driven by human nature but capitalism is not a natural force but a system which has only existed for a few centuries. Governmental structure is of course involved as it provides the legal framework for capitalists to be the fundamental unit of the economy. Social programs failing is not the cause of the problem, but the failure of a proposed solution to a fundamental problem which would exist regardless of efforts to mitigate it. It may theoretically be possible under capitalism to have a welfare state so powerful that the insecurity of workers inherent to the system is neutralized. Another issue under capitalism is that tax is another expense to be considered which is involved in profit, so capitalists and capitalist enterprises are interested in minimizing those taxes through a variety of methods limiting the ability of a government to fund such a program.

Edit: I came up with a way to summarize my argument in a sentence: Only in capitalism does better technology mean more profit for capitalists rather than less work for workers.

Edit2: Also I want to clarify that my argument is not against a market economy in general, but a kind of market economy driven primarily by capitalist interest. This is only a criticism of our present system to inspire the criticism of others rather than a vehicle to list my solutions because I think the solutions to these issues require more than what I could personally think of and is a separate discussion.

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