"Punishment"? Re: Centralization

Justin Schwartz jkschw at hotmail.com
Sat Jul 6 21:48:07 PDT 2002


.
>Profit is not an incentive to make good stuff at cheaper costs though
>(unless this is the only way to secure much larger sales.) It is
>competition that does that.

Competition is motivated by a desire to make a profit.


>Competition reduces profit margins, reducing input costs can be a temporary
>fix. Reducing quality is the most obvious way of reducing input costs
>(aside from reducing labour costs.)

Unfortunately for the competitor who reduces quality, another competitor will figure out a way of making the same thing better. Just ask GM, Ford, and Chrysler about Toyot and Honda.

..
> >>.
> >
> >No. There is no market system without the profit motive. What I would
>dispense with is private property. There would be profits retained by the
>workers, if their firms made any profits.
>
>I see, so instead of private property, the surplus value would accumulate
>as collectively-owned property of workers? I assume this system would only
>apply to the means of production though, not personal property?

Yes.

jks

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