If farmers produce food by working lands they own, then they are not being exploited by land owners.
However, as you observe, under our currrent systems, the value they realize from their labor is determined by food prices, as resolved by markets through which food is commodified.
Businesses that exploit workers also participate in commodity food markets.
Thus, as long as food is produced by profiting from worker exploitation, and is exchanged through commodity markets, all food production and distribution is bound to the profit motive, and therefore subject to distortion away from satisfaction of human need for survival and flourishing.
I believe practices such as the one you describe, in principle may serve to mitigate some such distortions, and to advance the interests of the working class.
Unfortunately, EU states, as other states around the world, have now fallen under neoliberalism, which simply exacerbates the wealth transfer from workers to large owners that is already inevitable as a structural consequence of relations under capitalist production and distribution.
Now, you have not answered my question.
Is profit not antagonist to the values you espouse?
Yeah, EU is slipping. We need to pay attention to the flaws that we’ve been introducing.
I don’t find profit to be an inherent antagonist. I believe that workers (even CEOs) need to be rewarded for good work. This is where profit comes in. Without profit there can be no pay rises when job experience and responsibilities increase.
Unchecked profits on the other hand… This comes in many shapes. Tax havens and top-heavy distribution of profit spring to mind immediately. These are counter-intuitive.
It is acceptable for the company owners to receive most profit as they have taken the largest risks in terms of capital. However, things like inheritance, bonuses and stock options can distort the degree of risk taken. A newly-hired megacorp CEO will not have taken significant monetary risk relative to the founder.
Systems should be in place to reduce unfair wealth distribution. Eg. Stock options should be given to the entire company workforce rather than just the top dogs. Annual bonuses should apply to all.
Profit-seeking drives innovation and efficiency. These to me are good values as we look for incentives to fight climate change or improving working conditions. Obviously legislation must follow suit and ensure it provides structures that encourage this while protecting people from skewed power hierarchies.
Profit is the share of value removed from wages, that is, removed from pay given to workers, who provide the labor that generated the value in a business, by business owners, who contribute no labor for generating the value in the business.
If farmers produce food by working lands they own, then they are not being exploited by land owners.
However, as you observe, under our currrent systems, the value they realize from their labor is determined by food prices, as resolved by markets through which food is commodified.
Businesses that exploit workers also participate in commodity food markets.
Thus, as long as food is produced by profiting from worker exploitation, and is exchanged through commodity markets, all food production and distribution is bound to the profit motive, and therefore subject to distortion away from satisfaction of human need for survival and flourishing.
I believe practices such as the one you describe, in principle may serve to mitigate some such distortions, and to advance the interests of the working class.
Unfortunately, EU states, as other states around the world, have now fallen under neoliberalism, which simply exacerbates the wealth transfer from workers to large owners that is already inevitable as a structural consequence of relations under capitalist production and distribution.
Now, you have not answered my question.
Is profit not antagonist to the values you espouse?
Yeah, EU is slipping. We need to pay attention to the flaws that we’ve been introducing.
I don’t find profit to be an inherent antagonist. I believe that workers (even CEOs) need to be rewarded for good work. This is where profit comes in. Without profit there can be no pay rises when job experience and responsibilities increase.
Unchecked profits on the other hand… This comes in many shapes. Tax havens and top-heavy distribution of profit spring to mind immediately. These are counter-intuitive.
It is acceptable for the company owners to receive most profit as they have taken the largest risks in terms of capital. However, things like inheritance, bonuses and stock options can distort the degree of risk taken. A newly-hired megacorp CEO will not have taken significant monetary risk relative to the founder.
Systems should be in place to reduce unfair wealth distribution. Eg. Stock options should be given to the entire company workforce rather than just the top dogs. Annual bonuses should apply to all.
Profit-seeking drives innovation and efficiency. These to me are good values as we look for incentives to fight climate change or improving working conditions. Obviously legislation must follow suit and ensure it provides structures that encourage this while protecting people from skewed power hierarchies.
Profit is not pay for work.
Profit is the share of value removed from wages, that is, removed from pay given to workers, who provide the labor that generated the value in a business, by business owners, who contribute no labor for generating the value in the business.