Earlier quoted context omitted.
> If you are doing something that has inherent value — extracting gold from a mine, performing music, working a factory line — you are the top of funnel for value creation. The standard "how come patrons at a bar pay $10 for a drink but I only make $15 / hour when I serve twenty drinks an hour" argument. The answer of course is because you didn't create the bar, you didn't secure all the necessary supplies and amenit…
> if the bar loses money each month you're still owed a paycheck Only until the bar stops existing. You're on the hook for business continuity whether you're the employer or the employee. Lex Fridman and Richard Wolff discussed this: https://youtu.be/o0Bi-q89j5Y?t=2984 Co-ops are indeed the closest thing we have to escaping capitalism in America. However they don't grow very quickly if at all, for the very reason tha…
At which point you are STILL not responsible for any liability. For example if the bar gets sued, you don't lose your home, car, etc...
And in most countries, would receive unemployment that was at least partially paid for by the business in advance.
Notice again though - just like the gold mine - without the infrastructure you can't extract any value at all from your ability to pour drinks.
Wolff is about as bad faith as actors get.