Monday, July 16, 2012

Obama Takes Classic Leftist Position on Business Success [Video Link]

A classic Marxist teaching about business is that workers are the source of all wealth. According to Marxist logic, a business ownewr is simply taking what a worker produces and appropriating the surplus calue of the product. Is this what President Obama was getting at when he opined as follows?

There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there.

There may well be a grain of truth to what Obama says. A manufacturer can not be a success without workers, from designers to salesmen and technicians.

The flip side....

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