7/5/20

Principal idea of capitalism: the people only work because and so long as they are poor

This is an excerpt from "The Protestant Ethic and the Spirit of Capitalism"  by Max Weber

Another obvious possibility, to return to our example, since the appeal to the acquisitive instinct through higher wage-rates failed, would have been to try the opposite policy, to force the worker by reduction of his wage-rates to work harder to earn the same amount than he did before. Low wages and high profits seem even to-day to a superficial observer to stand in correlation; everything which is paid out in wages seems to involve a corresponding reduction of profits. That road capitalism has taken again and again since its beginning. For centuries it was an article of faith, that low wages were productive, i.e. that they increased the material results of labour so that, as Pieter de la Cour, on this point, as we shall see, quite in the spirit of the old Calvinism, said long ago, the people only work because and so long as they are poor

7/4/20

Winter Olympics must be prohibited

Winter Olympic Games is the most prominent example of global racial segregation and inequality. Formally, all countries have full right to participate but white population has extraordinary advantage of snow in winters. Men and women of colour look like and presented by TV as funny and incompetent amateurs in the worst traditions of the human zoos. Winter Olympic Games is the  shame of the civilized world. 

The mean income gap between white males and black females grows during the democratic presidencies

Two days ago, we compared the mean income evolution of the white and black population and demonstrated that the difference did not change mu...