Mega Manufacturer Caterpillar Demands Concessions from Workers after Boosting CEO Pay 60%

[Justina For Justice]

7. Profits To Pay CEOs Come From Stealing From Workers.

The profits made by corporations all come from stealing the labor time of their workers. Workers are paid wages equal to just that needed to keep them alive, perhaps for four hours a day, while they work for eight hours or more for the companies, which make their profits from the extra, unpaid hours that they force their workers to work. The profits, along with production expenses, come from the that stolen labor time.

If the workers owned the companies and controlled what they produced and how they produced it, as occurs in worker-owned cooperatives, many levels of management, which exists to control the workers, could be eliminated and the profits could be shared by all the workers.

Why do we allow the capitalist economic system to continue to exist?