General Discussion
In reply to the discussion: What does "abolish profit" mean? [View all]Lee-Lee
(6,324 posts)They define profits as private profits, those made off the labor of others.
They dont see any proceeds made by a collectively owned business as profits, they see it as the workers get proceeds of their labor.
Since all proceeds are divided amongst workers, and labor is an expense, in their view there is no profit in such a system. Nobody is making money more than anyone elses and the workers are only being compensated for their work, so that is not profit.
In their view if there is one restaurant that is collectively owned and after expenses there is $10,000 left that week and the 20 employees all get $500 then there is no profit, all money went to expenses including labor. But if 19 employees got $450 each and an owner got $1450 then that owner made a profit off the backs of the workers. That $1000 more the owner pocketed is profit in thier eyes.
Once again, you have to read and understand Marx to understand how they define terms and what they mean.