General Discussion
In reply to the discussion: "Sorry, It's Not a 'Law of Capitalism' That You Pay Your Employees as Little as Possible. It's..." [View all]fasttense
(17,301 posts)That's what capitalism means. That individual capitalists gather up all or most of the capital for themselves by controlling the means of production. The means of production are NOT controlled by the workers. That is the basic description of capitalism. Once the workers control the means of production and by association the capital, you no longer have capitalism.
By the way, Mondragon makes great profits for it's workers/owners by NOT using capitalism. True it is functioning in a predominately capitalistic economic system but it would do much better in a different system.
You know, we don't see slavery anymore as a major economic system but it certainly was successful. Feudalism, a very successful and rich economic system, wiped out all ideas of capitalism until, well capitalism overran it.
So just because you don't see it as often, does not mean it is not a perfectly viable economic system.