If we the people, the working class, finally stood up and seized the means of production (like any effective revolution should do!) then the worthless fat capitalists would be devastated

submitted by EndlessSunflowers from i.imgur.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]GConly 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (1 child)

. I know many workers who would make better bosses: they have better ideas.

There is a world not difference between having a good idea and being able to run a business. A fact lost on most people. It's complex logistically and requires a lot of time and effort.

These people tend to lack money, formal education

About a third of millionaires come from a 'from scratch' backgrounds. As in starting with no cash and starting their own business. A quite surprising number of them don't have much higher education.

https://money.usnews.com/money/blogs/on-retirement/articles/7-myths-about-millionaires

Of the current Forbes 400, there were 34 with a top score of 10; 64 with a score of 9; 130 with a score of 8; 37 with a score of 7; and only 10 with a 6.

That's 177 out of 400 that had a pretty basic start (middle class no inheritance) working class or poverty start.

You should also bear in mind income and social class have a significant genetic component (via IQ, self control, conscientiousness, risk taking and assertiveness and other traits).

About three out of 10 billionaires—29.9%—around the world did not have at least a bachelors degree in 2015, according to a billionaire census by Wealth-X. That's 739 out of the total 2,473 billionaires.

That's actually a little lower than average for America, at about 34%. But you should be aware that a degree is also a proxy for intelligence and conscientiousness.

they still may get beaten by a competing company who makes shittier items

May, but not usually. Market forces tend to kick crappy products to the kerb when better ones cone along.

Successful businesses and rich business men aren't always signs of a great product or a competent company

Rich businessmen can get that way by ripping off people. Long term successful businesses are by their definition competent at what they do.

I know plenty of unsuccessful people who would run this country better than any of the rich bums who currently run it.

No you don't. If they were good at running shit that's what they'd be doing. You're like the beer bellied sports fans thinking they or their mates could do a better job than the guys on the pitch, because they have no idea exactly what goes into a the activity.

The reason I'm so uptight about this is I came from an underclass background. I've seen bright poor kids socially climb through hard work, brains and money management.

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

Dude, the reason I have this view is because I've been involved in local politics, and I've watched my family climb the social ladder. I have seen our leaders at work, and I can tell you that I DO know people who could run it better. You say that if that's the case, then they'd be there? Dude, this is a capitalist society, to get anywhere, you need capital. So, sure, you could cozy up to banks and get loans, if your credit is good enough. I'm NOT saying that it's impossible to climb the social ladder: case in point, my family has done this. I AM saying that the views you have towards America (the same views rich people have towards America) aren't right when considering how the elite operate. You say that you are from the underclass? I was as well. Now, not as much. I know how things work behind closed doors, because I've seen it. You say I'm like the beer-bellied fan? Money is a big part of moving businesses and politics forwards, and it doesn't breed long-term success, it breeds short-term success. The goal of our shitty GovCorp is to make all these short-term schemes continue on for years and years and years, then praise them as long-term solutions. So, shitty products will beat better products (this is what I've seen as a consumer) and greedy businesses will beat compassionate businesses (I've watched this occur with my own eyes). You would say that their business model is better, and I would agree. The societies and consumers these businesses are modeling their money-making schemes after are not focusing on anything truly life-affirming. Instead, they twist the things we need into things we want, and things we want into things we need. I don't fully blame businesses or politicians for this (everyone has played a part) It's just that their perspectives on value and on productivity are dead-wrong. We need a society less focused on making cash.