Monday, November 25, 2013

Labor vs. Capital

David Harvey explains that in 1980, the "Capitalist class discovers it can make money by investing in asset values rather than in production. Investments in stock market, property markets, and oil futures. New markets are created so that capitalists can make even more money by purchasing derivatives of insurances of derivatives of assets and so on" (Harvey). Randy Martin furthers this point when he writes, "No longer divided between labor and capital, society's central cleavage would be played out along the lines of risk- the prospect of a return in excess of expectation. Those capable of embracing it, investors all, would be the managers, if not the masters of their own lives" (Martin).

This poses a serious problem in today's generation of children, including my own. The most successful people are those who don't put forth very much physical effort. They are rewarded for sitting back and using their brains or wits. Children learn that people who work difficult, physically laboring jobs are paid less than people who make money from investments and capitalism. While using your brain and being creative should indeed be rewarded, what children learn from this is that they should be rewarded for not putting forth any effort.

http://www.logosjournal.com/issue_5.1/martin_printable.htm

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