Not really though. Under capitalism people are free to quit their job, and go start a company to test their idea and develop their own IP. The vast majority of founders worked for someone else Nvidia is a good example currently. Jensen Huang worked for AMD, Chris Malachowsky worked for HP, Curtis Priem worked for IBM. They had an idea, they quit their jobs and profited directly off their IP. Under a pure socialist system would you be able to quit your job? Who would you get capital from to test an idea? Also if it worked you wouldn’t get any profits from it, not even a pizza party or a Friday off even after producing billions of dollars in value. There would be zero incentive to doing anything but the absolute minimum because the compensation would be exactly the same if you did or if you didn’t. Why put in 100hr+ weeks of labor for nothing? No matter how hard you worked you and your family wouldn’t get anything, your children would be treated the same as the children of a man who put in the absolute bare minimum.
I’m cool with socializing a lot of things but we need to compensate people proportionally to the quality and quantity of value they produce.
Please don’t just downvote this. I’m open to discussion and to standing corrected. If you want to downvote then downvote with a worthwhile counter to the point at hand.
Not really though. Under capitalism people are free to quit their job, and go start a company to test their idea and develop their own IP. The vast majority of founders worked for someone else Nvidia is a good example currently. Jensen Huang worked for AMD, Chris Malachowsky worked for HP, Curtis Priem worked for IBM. They had an idea, they quit their jobs and profited directly off their IP. Under a pure socialist system would you be able to quit your job? Who would you get capital from to test an idea? Also if it worked you wouldn’t get any profits from it, not even a pizza party or a Friday off even after producing billions of dollars in value. There would be zero incentive to doing anything but the absolute minimum because the compensation would be exactly the same if you did or if you didn’t. Why put in 100hr+ weeks of labor for nothing? No matter how hard you worked you and your family wouldn’t get anything, your children would be treated the same as the children of a man who put in the absolute bare minimum.
I’m cool with socializing a lot of things but we need to compensate people proportionally to the quality and quantity of value they produce.
Please don’t just downvote this. I’m open to discussion and to standing corrected. If you want to downvote then downvote with a worthwhile counter to the point at hand.