Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version nyu B notes v1.5 12/10/84; site csd2.UUCP Path: utzoo!lsuc!watmath!clyde!burl!ulysses!gamma!epsilon!zeta!sabre!petrus!bellcore!decvax!mcnc!philabs!cmcl2!csd2!sykora From: sykora@csd2.UUCP (Michael Sykora) Newsgroups: net.politics.theory Subject: Re: Politics and Ethics--Socialism, Libertarianism, and Capitalism Message-ID: <4340021@csd2.UUCP> Date: Sun, 15-Dec-85 20:49:00 EST Article-I.D.: csd2.4340021 Posted: Sun Dec 15 20:49:00 1985 Date-Received: Wed, 18-Dec-85 19:50:16 EST References: <1547@hound.UUCP> Organization: New York University Lines: 22 >/* berman@psuvax1.UUCP (Piotr Berman) / 12:18 pm Dec 13, 1985 */ >Berman: Who creates the means of production? People who provide labor, >people who provide expertise of people who provide capital? How you >split the contribution? (I skip the remark about non-scarce resources >here). I claim that the situation is sufficiently messy that it is >impossible the formulate an always aplicable first-principle. The people who provide the labor do so for a fee. They transfer their rights to the product of this labor to the payer of the fee. The people who provide the expertise do so for a fee. They transfer their rights to the product of this expertise to the payer of the fee. The people who provide the capital do so for a return and/or a partial ownership in the finished product. The providers of these services are free to provide them at the agreed upon price/return or not. The contributions are split according to the agreed upon price of services/ capital. This may be messy, but it's alot less messy than government administered systems. Michael Sykora