no third solution

Blogging about liberty, anarchy, economics and politics

Wages, Revenue & Labor

August 10th, 2010

Without ‘owners’ the workers collect revenue from sales. What the workers keep we might consider “wages” in an accounting sense, but strictly speaking, there are no “wages”, there is just “revenue”.

We might suppose that, in addition to probably cutting out the ‘middleman’ (the capitalist-entrepreneur), worker-owners would allocate revenues over their costs of production differently than would the capitalist ‘owners’. For starters we expect that they would either have, or aim to have, vastly different cost structures in the first place. But that’s a digression we need not follow.

So for the moment let’s forget about this and imagine that the workers have just wrested control from the hands of the “capitalists”, and that the cost structures (imperfect as they are) remain at least for the short- and probably for the medium-term.

Aside from beginning to pink-slip all the bureaucrats (how you identify and defenestrate the bureaucrats, I don’t really care) and turning those dividend checks (previously distributed to absentee shareholders) in to coin in the workman’s pockets, what else do they do differently?

The entirety of disagreement between cappies/commies, boils down to what is essentially a difference of opinion with regard to how sales revenues should be allocated.  Is it really that simple?

Maybe, but probably not. Stay tuned.

no third solution

Blogging about liberty, anarchy, economics and politics