- Capitalism and Alternatives -

Management is not ownership

Posted by: Samuel Day Fassbinder ( Citizens for Mustard Greens, USA ) on November 17, 1999 at 12:59:50:

In Reply to: Let's further confuse the issue please posted by Gee on November 17, 1999 at 10:14:02:

: : SDF: Let's skip the discussion of MANAGEMENT, a matter to be distinguished from OWNERSHIP, and cut to the chase: rich people may work at hobbies, they can even be important hobbies such as managing their businesses instead of paying managers to do that work, but it's not really a primary means of income.

: Aside from the implicit belittlement of whatever they are doing as being mere 'hobbies' I follow your point until...

SDF: When people who earn most of their income through investment choose to work, it's a hobby. When the owner of the Dallas Cowboys paces the sidelines at the football games each Sunday, it's a hobby. The owner of the Dallas Cowboys DOESN'T HAVE TO pace the sidelines -- he hires a coach and a set of executive personnel to manage the Cowboys for him, so all of that work is taken care of.

: :We might as well make the "nosepicking rich" into an economic category, and claim that when they work those boogers in their noses, they are performing productive labor!

: That would be demonstrably untrue whereas a billionaire who makes tables for $20

SDF: Excuse me, billionaires don't make tables with their own hands for $20 in order to become billionaires, they HIRE OTHERS to do that work FOR THEM, or they do it as a HOBBY. Like duh -- at $20 a table, how many tables make you a billionaire?

: or manages an emormous enterprise is demonstrably productive so we might as well not make that particular comparison.

SDF: Still conflating management with ownership, Gee? A CEO is not an owner, but you can pretend that one is, if you want to.

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