"The mine owners did not find the gold, they did not mine the gold, they did not mill the gold, but by some weird alchemy all the gold belonged to them!" - William "Big Bill" Haywood

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[–]Doob 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (9 children)

If you have the capital to 1. Buy the land 2. Pay someone to estimate it's value 3. Employ people I think you are entitled to some of that gold.

[–]magnora7[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

Yes but how did they get the capital? From their parents, usually. Who got their capital doing the same thing.

Most people are simply locked out of this game, not because they're unable to do it, but because they weren't born in to a context of having the capital to do stuff like that

[–]Doob 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

I agree being born into wealth is easier than getting your own wealth. It's unfair to shit on everyone that runs a successful business because you aren't well off how they are tho. End of the day this gave people jobs and opportunities they would not have had.

[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

A successful business would empower the employees and reward them for their hard work, not act as wealth-vacuuming machine to steal people's labor in exchange for a pittance. The latter is no a successful business, regardless how many billions the CEO managed to pilfer away.

End of the day this gave people jobs and opportunities they would not have had.

People said the same thing about monarchies. And slavery. Doesn't mean there aren't better ways to do things. Like worker-owned businesses, where the employees are all shareholders and vote in the meetings. This sort of company model is the way of the future.

[–]Doob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

No one HAD to work there. Clearly this option worked for some people. If it was a shitty deal workers could seek employment elsewhere.

"Reward them for their hard work." It's called a paycheck, bud.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If it was a shitty deal workers could seek employment elsewhere.

Not when there isn't anywhere else, because they've created a monopoly via regulatory capture.

[–]Zombi 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Exactly this. I wonder why there aren't 100's of independent workers all coming together to mine and sell gold? Oh yeah, cause they need someone to guide them.

[–][deleted] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

no because they get jfked if they try to organize

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Because 100 independent workers don't have the political power to measure up to the establishment rigged systems from before time to challenge the ruling class stranglehold on natural resources.

If you and a few of your fraternity brother secret society billionaire friends want to band together to form an oil company and start drilling in your county or anywhere there won't be many problems.

If you and a thousand workers band together to form an ecologically responsible oil company to start drilling in the county you live in there's too much red tape, legalese, and political suppression that it will never happen.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

not if inherited that wealth