Minimum Security by Stephanie McMillan

Minimum Security

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  1. BenderSastre

    BenderSastre said, over 1 year ago

    Forgive me, not a business major. “Surplus Value”?

  2. Stephanie  McMillan

    Stephanie McMillan GoComics PRO Member said, over 1 year ago

    The surplus value, or profit, created in production is locked inside the commodity until the moment of consumption.

    When you plunk your dollars down to buy the hair dryer or the box of frozen waffles, the capitalist’s goal is realized.

  3. Stephanie  McMillan

    Stephanie McMillan GoComics PRO Member said, over 1 year ago

    @BenderSastre

    From a previous comment…
    *
    Surplus value: The social process of capital production, which manifests as the theft of labor power (exploitation) during the conversion of nature (extraction of raw materials) into commodities. Surplus value is the essence and purpose of capitalism.
    *

    Surplus value is the portion of exchange value of commodities that is appropriated by the capitalist after underpaying for the labor power it took to make them, plus paying fixed costs such as machinery and inputs. For example, if a worker is paid $2 to produce t-shirts that are sold for $100, and fixed costs associated with their production are $8, then the surplus value is $90.
    *
    Capitalists can pay less than labor power is worth because of their private ownership and control over the means of production. They pay less for the raw materials than they are worth, or steal them outright, by conquering and dominating land and other resources (called “primitive accumulation”).
    *

    Capital: Re-invested surplus value.
    *
    Profit: The revenue left after input costs. It can be the material manifestation of surplus value, or it can be the result of the circulation of capital (for example, through selling services or making unequal trades, buying low and selling high).
    *

    Surplus value and profit are not identical. Surplus value can only be generated through commodity production. Profit can be generated in other ways that do not involve commodity production or surplus value. Capitalism rests on surplus value; other forms of profit are considered false or toxic value.

  4. A_Dream4u

    A_Dream4u said, over 1 year ago

    Hmmm, sounds like manifest Destiny in a new form!

  5. timrinaldo

    timrinaldo said, over 1 year ago

    So, I guess the purchaser is forced to buy the item, and receives no benefit from it? C’mon, she wanted the hair dryer more than she wanted the $20 it cost her. Likewise, the business person wants the $20 more than he wanted the dryer. It’s a win-win, and the means by which tremendous increases in standard of loving, health and well being have been spread throughout the world. Sure, there are greedy capitalists and worse, crony capitalists, but in capitalist economies, customers have a myriad of choices. it’s a dynamic system, producing more mutual good than any other system yet devised. However, as I predict, it’s all about to end in a radical paradigm shift driven by hyper xponentiating technology..

  6. timrinaldo

    timrinaldo said, over 1 year ago

    standard of living And exponentiating

  7. win

    win said, over 1 year ago

    Just shoot me.

  8. Harleyquinn

    Harleyquinn GoComics PRO Member said, over 1 year ago

    oh no profit. How dare some one expect to get what they believe to be a good value for something only to have another also think they got a good deal on what they sold. And How dare one turn a profit. I mean they might have to reinvest that surplus back into the corporation they have, that could only mean either growth or even someone else being hired to do it all again.

  9. starfighter441

    starfighter441 said, over 1 year ago

    Oh please not the P word. The utter horror that something is sold at more than cost…

  10. Night-Gaunt49

    Night-Gaunt49 said, over 1 year ago

    @Harleyquinn

    Surplus profit is when you cheapen the labor and maintain the same price. Quality control is also sacrificed. Even the company could fail but the leadership takes huge amounts of money and leaves it to fail. Current Capitalism in process—-better identified as Extractionism.

  11. Harleyquinn

    Harleyquinn GoComics PRO Member said, over 1 year ago

    @Night-Gaunt49

    theft of labor power “Capitalism in process—-better identified as Extractionism.”
    oh scary stuff, not really reality but oh so scary..

  12. Pete Rogan

    Pete Rogan GoComics PRO Member said, over 1 year ago

    @Stephanie McMillan

    “Surplus value” does not exist.
    .
    The concept derives from the Marxist assumption that all work and all workers are equal, that all skill and knowledge are not just equal but interchangeable, and that all things made by Man, from felled trees to supercomputers, are exactly the same thing.
    .
    “Surplus value” is the specious explanation given by Marx to the production of capital and the operation of markets which, despite the above definition, DO tend to pay more for things that are made with better craft, superior care, and well-applied knowledge. Because otherwise Marx can not account for markets, nor for people making different wages, nor for the creation of capital at all. By Marxist doctrine, there can be no such thing as profit since all things are equally valuable, and all workers exactly the same, like twopenny nails. Therefore any ‘profit’ has to be stolen from the workers, which theft manifests itself in the dark alchemy of the market when somebody pays more for, say, a Sunbeam hairdryer than one made by the revolutionary people’s cooperative of Carjackistan.
    .
    Anybody who believes in “surplus value” has either never made anything with their own hands that was better, or worse, than somebody’s else work, and compared the difference. They’ve never gone to a greengrocer and picked an unbruised apple over one that has been dropped on the floor a couple of times. They are unable to discern that the rejection of obvious differences like these is a political decision — not a common-sense one, and certainly not in keeping with one’s one ability to prefer the better over the shoddy.
    .
    This is the heart of the matter. If you sincerely believe a bruised apple is the same as an unbruised one, that a mud hut is indistinguishable from a Frank Lloyd Wright design, that your work is just as good as the guy with twenty years more experience, just as good as the teenager’s they just hired, why, then you must be a Marxist. And an idiot. But I repeat myself.

  13. Night-Gaunt49

    Night-Gaunt49 said, over 1 year ago

    @Harleyquinn

    Oh it is reality. Just that you do not want to see it and so you don’t. You either explain it away as a good thing or it doesn’t exist for you.
    -
    And we have the wealth distribution worse than Pakistan. About as bad as it was in 1928.

  14. starfighter441

    starfighter441 said, over 1 year ago

    @Ms. Ima

    100%? just a wild guess…

  15. Harleyquinn

    Harleyquinn GoComics PRO Member said, over 1 year ago

    @Ms. Ima

    but I want a Russian made car……
    Marxism is the selling of need over want. My need is greater so I have to have it regardless of price.

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