18 Comments

I really do wonder how to get people, especially those with small business to reject profit. I agree it has to go, so the only way I can show people it has to go is by sharing your article.

I just hope people will get the message. But how will they suddenly decide to reject profit? Who will be the first to work (say small business) for no profit?

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First they have to understand that profit is a sucker's game, like debt-based money and interest, used to steal the productivity of society and transfer the assets we produce to the hoarders of wealth who believe they have the right to own us.

Once enough people understand the scam they will then become willing to accept an honest, hour-based economic system that exploits no one and respects all life on the planet.

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Ok Don. Thanks.

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I do ponder not getting profit when what One gets is not enough to deal with the costs of life... Of You put $100 into materials for what You do, and need $200 to pay for rent, food, utilities, etc. and charge so that You get $100 back... Then what? And is Your energy added worth nothing?

Maybe I'm missing some point here...

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You are regurgitating economic nonsense. Labour is the only true value that should be calculated into prices. Natural resources were provided to all by Creation without cost. Profit is NOT labour. Of course business owners should add their own labour time to prices. Profit is that "little bit extra" that snowballs into a giant extra as goods and services are passed along the production and distribution chains. There is no such thing as a little bit of profit... when everyone is adding it to their individual prices it always compounds into an amount that far exceeds the extra purchasing power that it creates for the individual.

If profit is removed from prices, prices plummet and the need for debt and interest payments disappears completely. Profit and debt are two sides of the same coin, the same deception that steals the value of our lives from us.

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So... One labors to get the resources, and they're free... So that One, what? Gives the resources to People for free? Or at what cost? What measure do We use? And if the laborer can afford more in other goods if They charge more, is that profit?

Where is the line called "profit?"

If One labors for an hour, gaining free resources, what is the obligatory charge to make for that hour of labor? What if the laborer says that the labor has X value, but anOther says it should be X-Y? How do You delineate "profit?"

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The one producing doesn't GIVE the resources for free because they are not his to give, he didn't create them so he doesn't own them. Certainly he can charge for the time and expense necessary to collect and process them into a usable form. That is a legitimate labour input in the production chain. The measure we use is the actual time required. What the labourer can afford has nothing to do with calculating honest prices.

If we eliminate profit and switch to honest labour hour pricing, eliminating the need for debt and interest entirely, then all labourers (not just owners) will be able to afford all of the things that are produced. Prices will match labour hours perfectly. Profit is the arbitrary, subjective value added on top of true costs to take more OUT of the marketplace than you put IN. This type of greed is anti-social and the primary cause of the endless need for debt and continuous inflation.

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So... Let's suppose there is a very healthy One who can do a job swiftly, and anOther who is disabled and takes three times as long to do it... Does the disabled One make three times more?

And what is the accounting unit used to account for the energy added? Did I miss that?

And who determines the value of the energy added? Does One who is pushing children on swings make the same as the engineer who is designing intricate things for the same amount of time?

I'm just not seeing the functionary details...

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In a truly free market where public capital has enabled equal access to capital resources, natural selection and consumer choice will determine who does what. If one person takes 3 times as long to perform a certain task as another then 1) if they are a part of a production coop, they will either do another job that they have a normal capacity to do, or they will be replaced in the coop 2) if they are providing goods or services independently and their prices are 3 times the average rate then they will have no customers and will have to choose something else to do. A free market will decide who does what.

The value of the energy added is always equal to the number of hours added. Everyone's hour has the same value. Highly skilled or dangerous work can be rewarded with higher levels of paid time-off but the value of each time-off hour will be identical to the value of a worked hour. The rotation of the earth will establish the fixed, inflation-proof, standard of value that is now totally lacking in our savage economy.

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And let Me ask… Given that today, 80%+ of jobs are merely there to move money (of some variety or another) around, and overall upwards, and these People are not required for needed work, and given more and more of the noncreative necessary work is being automated, which may leave about 5% of Us needed for necessary work… How will that pan out in Your setup?

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