The entire concept of "surplus value" is a myth and is based on the false belief that value is objectively defined.
That couldn't be further from the truth. Value is subjective. Value exists only in your brain. I can't definitively tell you what an expensive Gucci bag is worth, or what concert tickets are worth. The value exists in the minds of the customer, and any "profit" is a manifestation of that.
If a woman purchases a $100 kit of makeup, I might consider it a waste of money. But clearly she values the item, or else why would she purchase it? And wouldn't she purchase the same item if it cost $105? Clearly she values the item more than she does her money, or else why would she make that trade?
By Marx's faulty logic, a man doing a useless task like digging holes with a shovel must be creating the same amount of value as a man who uses a steam shovel to do the same task. That's not true.
And yes, I can fully deny that this is a product of capitalism. You don't even know what capitalism is, or else you wouldn't be making such a silly argument. Humans have been conquering, enslaving, and colonizing each other since the Dawn of Time. Even the socialist governments of Mao Zedong and Joseph Stalin engaged in the same acts of colonialism and exploitation. The Romans did it. The Greeks did it. Yet you take this universal concept and apply it to capitalism, which shows how little you understand about the system you're critiquing
And how much profits do you think a company earns? By Marx's faulty logic, he made it seem as if businessmen "siphon" a huge chunk of the value created by the worker. If that's the case, then what about when a company takes a loss? Last year, we've seen enormous numbers of corporations take billion-dollar losses. If profits are a function of a worker being "underpaid", then are losses indicative of workers being overpaid? Should the workers have to forfeit some of their salary once they realize their company took a loss that year?
And how do you even judge the value creation of an individual? You can have 2 workers, doing the exact same job, but working for two different companies. One of them works for a profitable venture, and the other worker works for a company that takes huge losses. By your logic, the first worker is being "underpaid" while the other worker is "overpaid" despite the fact that they're doing the same job
And your assertion that "all of the countries should be rich by now" is a bald-faced lie. Only someone who hasn't paid attention to the 20th century would make such a conclusion. There have been hundreds of wars, civil wars, as well as the installation of socialist governments all over Africa, Asia and Latin America. There have been MANY countries (including Tanzania, Venezuela, etc) that got POORER as they adopted socialist policies. Read up on Julius Nyerere of Tanzania, and Hugo Chavez of Venezuela, and how these men totally destroyed their nations because of socialism. The richest countries in the world are the ones with the most economic freedom. That isn't a "fluke", that is a pattern that has held up over time
And your bullshit take on suicide rates.....yeah you're not gonna get away with that. I can look at that trend and easily blame the rise in suicides due to the decline of the family unit, the decline of religion, the prominence of global media that amplifies bad news coverage, etc. Pointing out to small examples isn't gonna get you anywhere. Your own source admitted that Aussies were getting richer every year since 1992. So for a solid 28 years, the average Aussie was doing better and better. Yet you take their one-time decline as an indication that they're getting poorer! Are you fucking kidding me? That's like me pointing to the 2008 Recession and then make the absurd conclusion that the average American was doing better in 1900 than he was in 2007. That's the logic I'm hearing right now
If you're gonna bring a source, make sure it's relevant to the discussion. Don't give me some bullshit info about Aussie suicide rates.
A myth? What are you even talking about?
So let's say that I am the owner of a clothing company. The materials for each shirt costs $3. The tools to make the shirt (between initial purchase, upkeep, and saving for new tools to replace old ones) are on average $1 per shirt. I have miscellaneous expenses after this (marketing, design, etc.), but we'll simplify here. Based upon the designs, cut, and material, my people tell me that I can expect to sell these shirts at $15/shirt. That is the *market value* of the product.
I know that in our production facilities, a single worker can make five shirts every hour. That's 5 shirts at $4 of materials / tools for each shirt, a total of $20 each hour in expenses. I can expect to sell these 5 shirts for $15 each, or a total of $75. $75 - $20 = $55. This is the money I have left to play with.
How much will I pay my employee to make five shirts an hour?
It has to be less than $55. But how much?
In a labor market, I'll pay them as little as I can. If I'm struggling to find workers, then I may have to pay them as much as $40 or $45 an hour to attract them. If there is high unemployment and people are clamoring to work for me, than I may pay them $10 an hour. Or I may send my production facilities overseas like those Chinese sweatshops and pay them as little as $.50 an hour.
The point is this: the worker never receives the full $55/hour. He does not decide how much he receives, etc. That is exploitation. The degree of exploitation can vary, but it is exploitation nonetheless. All decisions, from wages to how the profits are used in the company, to how VALUABLE a worker is are decided by the capitalist. The worker has no say, and he is exploited because of this lack-of-say.
That is capitalism in its most basic form so yes I know what it is
Humans have been conquering, enslaving, and colonizing each other since the Dawn of Time all in the name of personal gain, which is also what fuels capitalism, why are deforestations and intruding on indigenous land still happening in Brazil? Again personal gain, these savage ways will forever continue for as long as capitalism exists
Even those successful capilalist countries that you worship like Singapore generally does not have economic freedom. Don't let the pretty towers fool you, The capitalist class violently enslaves the workers & sells their production. This violence starts with the claiming of land & natural resources by the top 10%. Without such, they would not own the means of production. There's literally pollution in the whole country
people like you always equate economic performance in terms of numbers with the value of a state and I would argue that free access to healthcare and education and housing would create a more "economically free" populace than a society where some live in filth and poverty while some in gigantic mansions.
Yes blame literally everything on suicide except the low minimum wage and rising inflations, the most plausible
Where are your sources again? Are you incapable of giving any? And stop being so fixated on Australia, that was only one example, I gave you four other articles to dispute or educate yourself with.