Gary Childress wrote: ↑Tue Apr 14, 2026 6:32 pm
Immanuel Can wrote: ↑Tue Apr 14, 2026 6:18 pm
Gary Childress wrote: ↑Tue Apr 14, 2026 5:52 pm
So unless we are wanting to relinquish our children, we must allow people to own banks and factories? Interesting dilemma there.
Why not own banks and factories? What's wrong with you doing so?
If you run an honest bank, what's the problem with you helping people to finance their aspirations, their businesses, their home purchase, their children's education, or anything else? Now, if you gouge them, or if you inflate interest rates, we have a problem; but if you're honest, why shouldn't you start a bank, Gary?
And a factory. If you know how to build something or you invent something that solves a problem for people, and they're freely willing to buy it, why shouldn't you establish a factory to make it? Sure, if you use slaves or steal from your employees, you should be arrested and charged, or run out of business. But if you give your workers a fair wage for their labour, and they work for you of their free will, why shouldn't you do that? Don't you think people need and deserve jobs?
Is there something evil about any of that? Because it's not obvious there is.
Why should individuals be allowed to own banks or factories? Is it going to make things better for everyone else if someone owns a factory or bank?
Absolutely, it will. Unlike government, banks and factories are highly constrained by reality, by market forces and by the choices of consumers. Unless they want to go out of business, they'd better not fool around with quality and competitiveness. By contrast, government-owned businesses do not use their own money, do not face market forces, cannot be punished for bad behaviour by the consumer, and just keep going even when they're inefficient, wasteful, bloated and bad.
What if it ends up making everyone else miserable?
Why would it? If you run an honest bank, how are you going to make people miserable? If you run an honest factory, how are you not going to make your employees wealthier and better off than if they had no jobs?
Now, government-run things...there are some things that can make people miserable.
The reason Marx wanted to abolish ownership of the means of production is that owners were often driven to create slave labor conditions in order to be more profitable.
Marx got so many things wrong. And this is just one of them.
What was actually going to happen was that industrialization, for all its early awfulness, was soon going to start creating wealth for the whole country. People were going to be moving from the lower class to the middle, and some even into the category of the vastly wealthy. Consumer goods that previous generations could never dream of were going to begin to appear...and the technological revolution, which was the offspring of the industrial one, was going to give you AI, cyberspace, instant access to universal education, and the very computer you're typing on.
Marx saw none of that.
I mean, if Elon Musk is making a trillion dollars a year, then that is money that is not be spread among the workers working for him.
Why? What have they done to earn it? Did they invent something? Did they finance something? Did they take some risks, and assume costs themselves? What did they do to earn more money than they agreed to work for?
I'm open to the argument, if it can be made.
It's being siphoned off to someone's private bank account,
Whose? Whose money is Elon Musk stealing? If you know, call the police. Theft is illegal.
But I think you'll find that he's probably earned his money. I have yet to meet a Tesla owner who has been forced to buy one...although our governments are trying to make that happen, I note. It seems to me the people who buy Musk's stuff do so because they want it. (Personally, I don't want a Tesla, or solar panels, or Neuralink, or Twitter, or most of what Musk makes...but so what?) His riches may be excessive, but people enthusiastically pay for the products he's created, and he's employed vast numbers of otherwise-jobless workers, while advancing the lives of consumers generally, has he not? Why should we be licensed to rob him, if he's gained any amount of wealth in any honest way? He didn't steal it from anybody, did he?
What's your problem, Gary? Nobody's doing anything to you, except the government, which is stealing your money by way of taxation. Other than that, I have no idea why you'd have reason to complain, or why you'd hate people just for being businessmen, inventors, factory owners or even bankers. It doesn't make sense.