me_irl

8074 readers

635 users here now

All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _

founded 3 years ago

MODERATORS

herrwoland@lemmy.world

930

me_irl (lemmy.today)

submitted 4 days ago by sanitation@lemmy.today to c/me_irl@lemmy.world

135 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] PineRune@lemmy.world 13 points 4 days ago (1 children)

We actually get more free time when businesses & voluntary associations invest in better tools & technology. This increases efficiency, making goods and services cheaper to produce & allowing prices to drop.

The problem we have in late-stage-capitalism is that instead of passing the time and money savings onto employees and consumers, the owning class passes these savings onto themselves instead and tell us to work twice as hard for half the pay.

[–] MorPolitics@lemmy.world -3 points 4 days ago* (last edited 4 days ago)

I think your boogeyman, "the owning class," is very similar to my boogeyman, "the borrower class." Both are critiques of groups that benefit from particular economic structures. Although we think about economics in totally different ways, there is an interesting parallel between the two ideas.

I'm probably a handmaiden to the fascist class in your eyes, while I think you’re economically illiterate.

My borrower class - Refers to those who gain privileged access to newly created credit or monetary expansion.

Your owning class - Usually refers to capital owners (bourgeoisie) who own productive assets & employ labor.