RoyceConnors
Peaceful Hedonist
- Joined
- Oct 28, 2010
- Posts
- 15,000
I will use small words so that you intellectually challenged progressives might possibly understand.
I am a businessman...after years and years of working, I have accumulated an amount of surplus capital and I wish to invest it and hope to make a profit on my investment.
Now I know profit is a six letter dirty word to you, but hold your nose and use your mind; nobody works for free, not even you.
First, I must locate a potential mining site, take a chance and lease or buy the land, I actually negotiate for the lowest possible rent or purchase price on the unproven land which may or may not contain sufficient product to return the money I invested just to try to discover a valuable resource. Now that I have access to the land, I must bribe government with permits and license fees and a hundred other envirnomental requirements before I can even begin to explore and search for a coal vein.
But, of course, I must have proper equipment, another huge investment of capital and consider or acknowledge that not a penny is earned and will not be until I actually begin producing product.
Then, of course, the biggest investment of all, hiring a labor force to begin the process of mining. I have a 'nut' to crack, that of the initial investment in land, leases, permits, bribes to the government, equipment and now hiring people to work, which is the largest cost in any business, your work force. That I have to insure them is another cost factor, accident insurance,health insurance, paid vacations, sick leave, time off and workers who come to the job impaired with drug or alcohol addiction. So far I have invested a large sum of capital and thus far, not a penny is coming back.
It may be months or years before I am producing any product at all and yet my costs continue, day after day, month after month and my equipment is always subject to break downs or failures, which means costly down time, and a certain percentage of my workers, statistically, are late, don't show up for work, sleep or drink on the job or fail to perform their jobs. Safety is one of my major concerns, not because of rules and regulations, but because accidents andinjuries cost both time and money to resolve and it is in my best interest to use maximum safety procedures to keep my operation functioning.
Although I may have secured a contract with a buyer to purchase my product, the market fluctuates daily and my accountant informs me of the amount and quality and quantity of my product that I must produce each day to just cover the costs of servicing the loans I have taken out to conduct the operation and meet payroll, withholding taxes and continual maintenance on my equipment.
Then, of course, I must rent or create transportation routes, roads or rail, to move my product to market, added costs of doing business that factor in to what I must charge for my product just to cover the costs of doing business.
It will be years before i ever begin to produce enough product to begin to show a profit on my investment and the typical return on capital investments are usually below ten percent, supermarkets operate with a two to three percent net profit margin, other types of business strive for a ten percent return, but very few manage even that and that is all before taxes, which are assessed at every stage of the operation, including my personal income and that of the corporation I have formed to do business under State and Federal laws.
It will take years, between five and ten years, before I can recoup my origninal investment and actually begin to show a profit from my gamble.
I must utilize every method of efficiency and continuity; I never get a day off and am on call 24/7 as it is my baby and it lives or dies, prospers or falters according to my dedication and constant nurturing.
Government of course, has none of those worries or concerns. Government does not have to make a profit, indeed most government operations operate at a loss, subsidized by public tax payers and since they have no skin in the game, it doesn't matter if they succeed or fail or produce shoddy or unsafe products.
The mere act of participating in business as an owner inherently builds character in the individual and is transmitted to all who participate at all levels; it is a moral and ethical process by nature, requiring integrity, productive work, timely and punctual work habits, logistics, supplies ordered ahead of time and delivered on top, equipment that functions each and every time and honesty in dealing with all those on site and off and all suppliers, all buyers and all workers, plus adjacent land owners, all requiring ethical and moral social interactions and intercourse.
The end result is the production of a needed commodity, the production of jobs, the establishment of a viable company or corporation and, if one is marginally successful, a paycheck for the owner, satisfying the loan obligations and expanding the efforts of all involved.
Such is the innate and inherent beauty of capitalism, the free market system, where each and every participant is free to come and go at their own choice and to learn, advance and expand the abilities of each worker to be more productive in a foreman or management capacity, all of which also contains a moral and ethical factor in dealing with both subordinates and those for whom one works.
Government enterprise and government workers have no such incentives and by definition, produce inferior products that cost more to produce and only the bureaucrats profit as they steal from the enterprise to fill their own profits without ever lifting a finger in real work, and usually without any knowledge of the actual mechanics of whatever industry they infest.
Take that to the bank.
Amicus Veritas
So, let's get this straight, shall we. You were a 'businessman' for years doing nothing productive with your life, other than making money off of other people's labour. Now that you've got some money, you want to invest it and have other people work and sweat for your 'profits'.
Exactly what part of parasite didn't I get right? And you call this Capitalism? Slavery comes to mind. Sweatshops come to mind. Capitalism is just a fancy word for "I'm a lazy cunt and want to make money off of your sweat and blood'
A real day of labour would fucking kill you. Go back to diddling little girls and enjoy your dillusional fantasies and leave real life to those who know what it's all about. Pseudo-intellectualism is a bad thing to wield in the minds of the feeble, like you Ami.
The world is not about making money to see who has the most at the end of it all, although that's what you think. We pity fools like you, but never suffer them.