this post was submitted on 12 Aug 2024
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Profit is the excess resources generated when combining capital and labor. Capitalism predominately sends the profit to the holders of capital, and socialism sends the profit predominately to labor.
Profit is not wage theft. Sending that profit to investors rather than workers is.
Edit: as a matter of accounting, profit may be calculated after the workers get their checks. That's simply an accounting thing and doesn't really matter to a broader understanding of where the money goes.