| What is Profit? The term profit is generally confused with the term income. Income rightly means any sum of money (no matter how large) recieved from the sale of an individual's or business's product. Such exchanges (including talented others becoming very wealthy because the items they created were popular and thus the talented individuals received larger amounts of income) is not capitalist because profit is not involved. Actually such exchanges as mentioned above (the action of recieving money-no matter how much- for the product being sold) is the basis of Individualist and Mutualist anarchist economics. What is profit then? Profit is unequal payment between employers and employees within a company for the same amount of work being accomplished. In other words, within an individualist anarchy, employer and employee relationships could exist and be non-capitalist because both the employers and employees would recieve the same wage hourly, (ie. equal payment for equal hours worked) their wages are according to how much income their company recieves from the products their company has sold. Ofcourse some of the employers or employees may make more or less income depending on how many hours they work. One makes a profit only when one as an employer, recieves more money than an employee for equal work being accomplished. (ie. the employers paying themselves more money than their employees on an hourly basis)This unequal payment (such as when an employer makes more money than an employee while working the same amount of hours) within a company, is profit as the worker does not recieve their full income because a portion of their income went to the employer, and therefore is considered exploitive and is one of the main sources of poverty within society (along with intrest and rent and the monopoly of money as well as the monopoly of land which the state protects and enforces) Within an Individualist anarchy, where employer and employee relationships would or could exist, for example, both employers and employees receive the same wages hourly, (the wages differ depending how much the company makes)and therefore being non-capitalist; while within capitalist societies profit exists when employers recieve more money than employees on an hourly basis. |
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