70702 stories
·
2 followers

Production IS Profit

1 Share

 

"[Observe] such meaningless phrases as 'production for use and not for profit.' ... Production is profit; and profit is production. They are not merely related; they are the same thing. They are not merely related; they are the same thing. When a man plants potatoes, if he does not get back more than he put in, he has produced nothing. This would be obvious if he put a potato in the ground today and dug up the same potato tomorrow; but it is all the same if he plants one potato and gets only one potato as a crop. His labour is wasted; then he must starve, or someone else must feed him, if he has no reserve from previous production. 

    "The objection to profit is as if a bystander, observing the planter digging his crop, should say: 'You put in only one potato and you are taking out a dozen. You must have taken them away from someone else; those extra potatoes cannot be yours by right.' If profit is denounced, it must be assumed that running at a loss is admirable. On the contrary, that is what requires justification. Profit is self-justifying."
~ Isabel Paterson, from her 1943 book The God of the Machine (p. 221).
Read the whole story
gangsterofboats
22 minutes ago
reply
Share this story
Delete

Samizdata quote of the day – Why Belfast is burning

1 Share

Our leaders usually condemn the disorder and violence that follows, but will refuse to discuss the triggers in any depth. Anyone who asks what can be done about horrors like that inflicted on Stephen Ogilvie will be accused of stoking division, exploiting a tragedy and courting the far right.

But something can and must be done. It is simply no longer sustainable to force working-class communities to endure such levels of terror, to bear the brunt of the elites’ open-door experiment – to pay the ‘blood price’, as Brendan O’Neill describes it, of the establishment’s virtue-signalling. Practically every day brings new horrors that ordinary folk are simply expected to put up with. On the very same day as the Sudanese suspect was charged with attempted murder, four Afghan nationals appeared in court, all charged with the alleged rape of a Bristol schoolgirl. From gang rapes in Brighton and grooming gangs in Norwich to child rape in Warwickshire, countless British citizens continue to suffer at the hands of men who shouldn’t be here. Yet this barely seems to trouble our cloistered political class.

Fraser Myers

Read the whole story
gangsterofboats
23 minutes ago
reply
Share this story
Delete

Samizdata quote of the day – Is Reform fit to govern?

1 Share

But let us take the question seriously, because it deserves to be. What does it actually mean, to be fit to govern?

It is not, I think, what the managerial mind supposes. It is not a glossy CV, nor a safe pair of hands, nor a tidy communications grid. Strip away the cant and ask the question the common Englishman (and our Scots, our Welsh, our Ulstermen will forgive me the shorthand, for the inheritance is theirs every bit as much as ours) has always put, plainly, to anyone who would rule him: what is government actually for?

The answer is older than any party in this room, older than this Union itself, this Union, our great Union. It is this. Defend the realm. Keep the peace. Hold the law level over the head of the richest man and the poorest alike. And then, having done those few hard things well, leave us our liberty and our property, and get out of the way. That is the whole of it. That is the inheritance of the common law, the law that stood here before Parliament and will stand here after it, the law that William Blackstone, Oxford’s own, took down out of the air and set in order so that every man and woman in these islands might know their rights. Measured against that standard, fitness to govern is not a question of experience. It is a question of spine.

And that is precisely where the parties opposite fail, and Reform does not. For fitness, properly understood, is the willingness to say what you want and to mean it, and to bring with you a team ready to put its shoulder to the national wheel and push.

Gawain Towler giving an absolutely stonking speech.

Read the whole story
gangsterofboats
23 minutes ago
reply
Share this story
Delete

“It’s the difference between harvesting apples and chopping down the apple tree”

1 Share

I came across this post by Brivael Le Pogam on X:

I’ll assume you’re acting in good faith, because your reasoning is intuitive and 90% of people share it. But it rests on three factual errors, and it’s worth looking at them calmly.

Error 1: Elon’s fortune isn’t a pile of cash. It’s ownership of factories, rockets, and satellites. “Taking half his money,” in concrete terms, means forcing the sale of half of SpaceX and Tesla. The money doesn’t come out of a safe; it comes from the companies themselves, which fall under the control of foreign funds or states. You’re not redistributing cash; you’re dismantling a tool of production. It’s the difference between harvesting apples and chopping down the apple tree.

M. Le Pogam goes on to politely describe two other errors that his interlocutor is making regarding how the richest person in the world got that rich, and how an astonishing percentage of the the poorest people in the world have been lifted out of absolute poverty in my lifetime.

His post is well worth reading for the eloquence of his arguments. But there is another, quite separate reason to give it your attention. You see, Brivael Le Pogam never actually wrote “I’ll assume you’re acting in good faith, because your reasoning is intuitive and 90% of people share it.” He wrote, “Je vais partir du principe que tu es de bonne foi, parce que ton raisonnement est intuitif et que 90% des gens le partagent.” The thought behind them was in French, but the English words I read and admired for their eloquence were written by a computer program. Over the last couple of years we have quietly reached and passed the point where automatic translation is, for most practical purposes, invisible.

Read the whole story
gangsterofboats
23 minutes ago
reply
Share this story
Delete

Samizdata quote of the day – Police State Britain is not even hiding the reality anymore

1 Share

Sir Keir Starmer is set to announce sweeping reforms tomorrow banning under-16s from 10 major social media platforms, including X, but not the Left-wing platform Bluesky.

Toby Young

Read the whole story
gangsterofboats
24 minutes ago
reply
Share this story
Delete

Belfast Is Burning, and the Media Won't Say Why

1 Share


Read the whole story
gangsterofboats
25 minutes ago
reply
Share this story
Delete
Next Page of Stories