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#Socialism #Marxism The asset-owning billionaires work for me and everyone else with any money whatever to spend and which the billionaires want to earn, because to earn that money, they have to produce products that ordinary people want to buy.
#Capitalism and its market economy are far more democratic than #democracy. Under the latter, countless distinct choices are scooped up and buried under just one choice, once every several years: Do you want candidate A or candidate B? (Under #socialism, it’s A or don’t vote.)
Under #capitalism every dollar spent for every distinct good or service is a vote for that good or service. To continue being supplied, it must receive enough votes to cover its costs and a competitive rate of profit. If it doesn’t, its production will be cut back.
If enough people buy it so that it’s extra profitable, the extra profit both attracts outside competition and provides extra capital with which the existing producers can step up production.
The capital of the billionaires (and of everyone who has any capital at all) is used in the production of goods and services that everyone buys, and also to pay wages and salaries. To raise wages and increase the supply of goods and services, we need more and bigger capitalists.
Socialists are utterly ignorant of economics. They need to read Mises, Rand, and Reisman. For a start, they should go to amzn.to/2N44uTu and for 99¢ buy and read the title immediately below. 
Then, for more comprehensive, in-depth education, they should go to amzn.to/2PM19ut and buy and read Reisman’s CAPITALISM. It covers practically everything, including the discussion in this thread. (See chapters 6, 14, and 16 on profits and wages.)
Socialists: Stop destroying the world! Get educated!
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