If the payment received exceeds the costs a profit is generated. That profit represents appropriation of surplus value. Surplus value corresponds to the uncompensated (or in this case, compensated but later misappropriated) expense of labor power.
What specific part of this argument do you think is objectionable?
You’re right. It’s also true that if I don’t wish to expend my labor power in exchange for compensation, I can also buy a factory where I buy materials and labor and sell them for more than they cost.
Can you think of any reason why, when done at scale, these sorts of activities create a class system where not everyone can simply buy a plot of land and build a house, or be an industrial entrepreneur? That there will actually have to be many times as many people who have to sell their labor and pay rent?
Can you think of a way in which the possibility to create profit out of land adds value to that land that is unrealizable to someone who buys it and just lives in it, and is realizable for someone who plans to rent it at market price?
The part where you call any and all profit theft. Also the part where you are attacking individuals for trying to improve their lives while the entire mess is caused by corporations and billionaires.
Also the part where you are attacking individuals for trying to improve their lives while the entire mess is caused by corporations and billionaires.
I’m not attacking anyone, I’m explaining how the system works. I explained in another comment that I believe the solution to this problem is the abolition of private property, not stringing up anyone who has ever made any profit in a transaction.
If the payment received exceeds the costs a profit is generated. That profit represents appropriation of surplus value. Surplus value corresponds to the uncompensated (or in this case, compensated but later misappropriated) expense of labor power.
What specific part of this argument do you think is objectionable?
Uhh the renter can refuse the agreement and build a house if that’s what they wanna do… you don’t have to rent?
You’re right. It’s also true that if I don’t wish to expend my labor power in exchange for compensation, I can also buy a factory where I buy materials and labor and sell them for more than they cost.
Can you think of any reason why, when done at scale, these sorts of activities create a class system where not everyone can simply buy a plot of land and build a house, or be an industrial entrepreneur? That there will actually have to be many times as many people who have to sell their labor and pay rent?
Can you think of a way in which the possibility to create profit out of land adds value to that land that is unrealizable to someone who buys it and just lives in it, and is realizable for someone who plans to rent it at market price?
The part where you call any and all profit theft. Also the part where you are attacking individuals for trying to improve their lives while the entire mess is caused by corporations and billionaires.
Who is generating the surplus value, then?
I’m not attacking anyone, I’m explaining how the system works. I explained in another comment that I believe the solution to this problem is the abolition of private property, not stringing up anyone who has ever made any profit in a transaction.