"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 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.