https://youtubetranscript.com/?v=oMC56e7GuhI
So then the next problem is the criticism of profit. It’s like well What’s wrong with profit exactly what what’s the problem with profit? Well the idea from the Marxist perspective was that profit was theft I know but profit well can be theft because crooked people can run companies and so sometimes profit is theft But that certainly doesn’t mean that it’s always Theft what it means in part at least if the capitalist is adding value to the corporation Then there’s some utility and some fairness in him or her extracting the value of their abstract labor their thought their abstract abilities their ability to manage the company and to engage in proper competition and product development and Efficiency and the proper treatment of the workers and all of that and then if they can create a profit Well, then they have a little bit of security for times that aren’t so good And that seems absolutely bloody necessary as far as I’m concerned and then the next thing is Well, how can you grow if you don’t have a profit and if you have an enterprise that’s valuable and worthwhile and some enterprises are valuable And worthwhile then it seems to me that a little bit of profit to help you grow seems to be the right approach And so and then the other issue with profit and you know this if you’ve ever run a business is it’s really useful constraint You know like it’s not enough to have a good idea It’s not a good enough to have a good idea and a sales and marketing plan and then to implement that and all of that That’s bloody difficult like it’s not easy to have a good idea And it’s not easy to come up with a good sales and marketing plan and it’s not easy to find customers and satisfy them and so if you allow profit to Constitute a limitation on what it is that you might reasonably attempt it provides a good constraint on on wasted labor And so most of the things that I’ve done in my life even psychologically that were designed to help people psychological health I tried to run on a for-profit basis and the reason for what that was apart from the fact that I’m not averse to making a Profit partly so my enterprises can grow It was also so that there were forms of stupidity that I couldn’t engage in because I would be punished by the market enough to eradicate the enterprise and so Okay, and then so the next the next issue, this is a weird one so marks and angles also assume that this dictatorship of the proletariat which involves absurd centralization the overwhelming probability of corruption and impossible computation as the proletariat now try to Rationally compute the manner in which an entire market economy could run which cannot be done because it’s far too complicated for anybody to think through The next theory is that somehow the Proletariat dictatorship would become magically hyperproductive, and there’s actually no Theory at all about how that’s going to happen and so I had to infer the theory and the theory seems to be that once you eradicate the bourgeoisie because they’re evil and you get rid of their private property and you you you you eradicate the profit motive then all of a sudden magically the small percentage of the proletariat who now run the society Determine how they can make their productive enterprises productive enough so they become hyperproductive now and they need to become hyperproductive for the last error to be logically Coherent in relationship to the Marxist theory which is that at some point the proletariat the dictatorship of the proletariat will become so hyperproductive That there’ll be enough material goods for everyone across all dimensions and when that happens then what people will do is Spontaneously engage in meaningful creative labor Which is what they had been alienated from in the capitalist horror show and the utopia will be magically ushered in but there’s no Indication about how that hyper productivity is going to come about and there’s no also. There’s also no understanding that Well that isn’t The utopia that is going to suit everyone because there are great differences Between people and some people are going to find what they want in love and some are going to find it in social Being and some are going to find it in Conflict and competition and some are going to find it in creativity as Marx pointed out But the notion that that that will necessarily be the end goal for the utopian state is Preposterous and then there’s the dostoevsky in observation too, which is one not to be taken lightly Which is what sort of shallow conception of people do you have that makes you think that if you gave people enough bread and cake and The dostoevsky in terms and nothing to do with busy them to be except to busy themselves with the continuity Continuity of the species that they would also all of a sudden become peaceful and heavenly Dostoevsky’s idea was that you know we were built for trouble And if we were ever handed everything we were we needed on a silver platter The first thing we would do is engage in some form of creative destruction Just so something unexpected could happen just so we could have the adventure of our lives And I think there’s something well. There’s something to be said for that