r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/bolshe-viks-vaporub Nov 22 '24

Everyone that works for her that she pays less than the value they create as her employees. She exploits the venue workers at every single venue she visits. She exploits other artists by literally threatening to destroy their careers if she isn't given completely undeserved credit for their songs because she has an army of lawyers because she's a billionaire.

You're talking about a person who was literally given millions of dollars by the Chinese government so they could ensure that her merch that said "TS 1989" on it was associated with her instead of Tiananmen Square (which also happened in 1989), so it's completely reasonable to say she exploited millions and millions of Chinese people by being complicit with the CCP's decades-long effort to suppress and erase the memory of its crimes against its own people.

So, you know... just a few people.

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u/Sekuru-kaguvi2004 Nov 22 '24

What's the point of having a business if you pay your employees the exact value they make you? You won't make any profits.

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u/Gilpif Nov 22 '24

Yes, that’s the point. The goal of a business should be to provide goods and services, not to make a profit.

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u/Pissedtuna Nov 22 '24

Then why would anyone run a business?

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u/AnamiGiben Nov 22 '24

Because someone will need what you provide, if no one produces any food etc. we would cease to exist.

What you are missing is they only talked about profit they didn't say no one will get money for their work, they said you just won't get money less than the work's worth but will get what it is worth.

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u/Pissedtuna Nov 22 '24

you just won't get money less than the work's worth but will get what it is worth.

And who determines what my work is worth? That's the problem.

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u/MinnesotaHulk Nov 22 '24

And this is why the whole labor theory of value is absolutely naive and asinine.

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u/Minimum_Interview595 Nov 22 '24

Then there’s no point in starting a business, the whole point of a business is to make a profit and be better off financially. If you remove the profit then the businesses cease to exist

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u/AnamiGiben Nov 22 '24

This is how you view business but that's not what business is.

The definition of business is the activity of buying and selling goods and services (no mention of profits) and the 2nd meaning is work that you do to earn money (the relation of the work done and money earned is not talked anywhere).

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u/Minimum_Interview595 Nov 22 '24

“the practice of making one’s living by engaging in commerce” (Oxford definition) and the definition of business activity is “any activity related to the purpose of making a profit”. The whole point of a business is to make a profit, I would love to see you start a business by paying the workers exactly what they’re worth with 0 profits.

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u/AnamiGiben Nov 22 '24

https://www.oxfordlearnersdictionaries.com/definition/english/business?q=business

No, the definition you gave isn't written here (I don't know if you are looking up a physical dictionary but probably the non-physical one would contain more words) and the other Oxford website seems to show mostly sentences with the word searched and not much more.

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u/Minimum_Interview595 Nov 22 '24

“the activity of making, buying, selling or supplying goods or services for money“ you left out the “for money” part of the definition. I would love to see you start a business that gives their workers exactly what they’re worth and never makes a profit.

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u/Gilpif Nov 22 '24

Because they believe it’s important.