Who is exploiting who
Imagine an artisan widget maker who can produce 5 widgets per day at a profit of $10 each for a daily income of $50. Now imagine a capitalist who builds a widget making machine. That machine can produce 100 widgets per day at equal quality to those produced by the aforementioned widget maker. The cost of production, is $3/widget, considering the amortization of the construction of the machine and operating costs but ignoring the costs the artisanal manufacturer […]