#Banning #goods with #radiation #contamination #risks can #pressure #Tokyo , say #analysts , as #Japan prepares to start #nuclear - #contaminated #wastewater #dumping #trials #TEPCO #Pacific #Ocean #Fukushima #Seafood #fishery #products
A big Shoutout to PatriotSwitch.com
PatriotSwitch.com was created to offer family and patriot owned #alternatives to the items we are normally stuck buying at these big box conglomerates every month of our lives.
How many small businesses do you know that were affected or shut down completely over the last couple of years while the mandates required us to keep making the rich, richer? It's time to start supporting the little guys and quit funding our own demise.
Thanks again Patriot Switch!
Patriot Switch - Taking back our country one purchase at a time!
More specifically non-durable consumer goods are the items we purchase and run out of month after month for our entire lives. The items like toothpaste, dish soap, laundry detergent, lotion, soaps, etc. By controlling the distribution of this category these corporations have created a predictable model of cashflow based on our buying habits.
There are hundreds of consumer goods brands in our country and the vast majority of them are all owned and controlled by just a handful of mega-corporations. Even when you think you are buying natural products in many cases those natural companies have been absorbed by these giant corporations
Studies show that nearly 63% of the price you pay for consumer goods add no value to the end consumer. Billions of dollars each year is used to purchase advertising with media companies, fund distribution and big box stores. Spending that money on better, safer ingredients and a company that supports freedom is a better option.
' #Capitalism is just one particular way of—a #system for— #organizing the #production and #distribution of #goods and #services.'
#richardwolff #wolff #21st-century #economics #socioeconomic #workers #value #finance #inequality #wealth #self-expansion #profit #markets
keyboarduserforever0 comments at Reddit:
Basically he says there are 3 classes: workers, landlords, businessmen. Workers are ignorant of their condition because they're too busy toiling. Landlords are ignorant because they're too busy managing their estates and living lavish lifestyles. But businessmen, on the other hand, know exactly what's in their interests, and act accordingly. The problem is that what's in their interest is often not in the interest of the rest of society.
Smith's discussion of types of labour, or really, types of economic goods, is only partially developed and but still nuanced.
In his chapters on prices, wages, stock, interest, money, and taxes, you'll find a few divisions worth noting.
There are the five determinants of wages, from Book I Chapter 5:
- First, the agreeableness or disagreeableness of the employments themselves;
- secondly, the easiness and cheapness, or the difficulty and expense of learning them;
- thirdly, the constancy or inconstancy of employment in them;
- fourthly, the small or great trust which must be reposed in those who exercise them; and,
- fifthly, the probability or improbability of success in them.
If you tease these out, you start getting the rudiments of a classification of activities and trades:
It's also possible to look at areas of economic activity, which range from Quesnay's Tableau économique (which serves as the fronticepiece of my own print copy of Wealth of Nations) to modern SIC, NAICS, and ISIC codes, and, at least the way I squint at it, there seem to be six-ish general classifications:
Monetisations vary. Sourcing and making both rely on direct tangible item sales, occasionally contract sales. Risk is managed through arbitrage and gatekeeping. Note that this includes landlords, and may include some elements of capital. Government / public sector is financed via taxes, or if you're of the MMT school, through money creation balanced by taxes. Services may be compensated on an hourly, annual, or contract basis, and incorporate the elements of Smith's Five Determinants. The positions of unskilled, skilled, and highly-trusted labour differ markedly. In the case of information goods and distribution on recurring periodic payments (subscriptions), or for information: advertising and manipulation services riding parasitically on the information stream and generating revenues. Distribution and other networked businesses return rents, prices commanding not merely the costs of production but also a fraction of consumer surplus, along with the FIRE sector.
I'll note that I classify the classic "FIRE" sector (finance, insurance, and real estate) as fundamentally concerning risk. They return rents, though are not alone in doing so. I'm not aware that this is commonly held, and it's possibly flawed. All economic activity involves risk, but in the FIRE sector, it is asset value and revenue stream risk which has primacy. The means of managing that deviate from those of other sectors, say, sourcing (prospecting or resource risk, cultivation or extraction skill), making (dominated by capitalisation and technique), and services (likewise). Real estate is included as this forms a major, often the major, asset class. It's classic risk-management strategies that dominate in all three components:
It's worth noting that it's the finance sector, inclusive of insurance, was the sole exception to Smith's general opposition to joint-stock (shareholder) corporations.
And though I've split these out separately, there are major elements of risk involved especially in high-technology sectors, which also typically return rents.
Adapted from a Reddit comment
