Capitalist Realism vs. Jordan Peterson

[Speaker to Animals]

So, “employees” take loses?

Yep.

[Speaker to Animals]

Ideally, we'd get rid of usury and fund business through venture capital only. This means that business ideas are getting weeded out both by labor and by capitalists. Right now, NOBODY really gives a shit that a business idea is stupid. It gets the money from the banks because they will just take the money back out of the investors if it fails. Employees have no trouble signing up because they get paid no matter what, even before the banks.

It's kind of a stupid system we have, dude.

[Martin Hash]

??? WTF, most jobs come from Ma&Pa businesses, something over 60%; there’s no fucking “venture capital.”

[Speaker to Animals]

??? WTF, most jobs come from Ma&Pa businesses, something over 60%; there’s no fucking “venture capital.”

Then they don't need to use it.

What does that have to do with here or there?

[Martin Hash]

Cool, don’t take Venture Capital, don’t have profit-only partners forced on you.

[Speaker to Animals]

I am just saying, some of the ways we do business today are not really that great and actually create more instability and failure. I'd get rid of banks as we know them. I'd seriously consider getting rid of most labor laws and just pay people some percentage of the revenue. So if the business fails, you don't get paid, so you best be smart about how you allocate your primary resource (your labor).

That sound scary as fuck now because nobody owns anything. We don't own anything because of the fucking banks flooding markets with capital and stupid desires for shit we don't need. You don't get paid and you can't make the mortgage payment. Can't make the mortgage payment, and things start going south for you real fast. But that's another problem with the way we economically organized ourselves, not a defense of keeping this fucked up.

Our priorities are fucked up and our economic model contains too few incentives to wisely allocate resources (especially capital management).

[Martin Hash]

Dude, progressive taxation & inheritance tax fixes this but you Royalists won’t back away.

[Speaker to Animals]

The same thing that would apply to workers applies to investors too. If a businessman wants to expand into some new market, and is asking for money, you only get paid if the business is successful.

Right now, everybody depends upon the state to make sure they get paid, so the state is busy reaching into everybody's pockets to pay somebody else.

[Martin Hash]

Taxes.

[Martin Hash]

There’s plenty of imaginary money, the problem is who’s getting most of it.