869 - The balance of power between capital and labor

Tiny Leaps, Big Changes

Gregg Clunis

Mental Health, Health & Fitness

4.2 • 917 Ratings

🗓️ 12 April 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you tired of feeling like a cog in the machine, working hard every day just to scrape by while those at the top reap all the benefits? It's not just your imagination - the balance of power between capital and labor is heavily skewed in favor of capital. But why is this the case, and what can we do about it?

In this episode, we'll explore the reasons why capital holds all the power and why labor has been duped into believing that capital is more valuable. We'll delve into the concept of class consciousness and discuss how we can work towards a more equitable balance of power between capital and labor.

Whether you're a worker struggling to make ends meet or simply interested in understanding the forces that shape our economy and society, this episode is for you. Tune in to learn how we can all work towards a better future for workers everywhere.

Transcript

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0:00.0	Whether we like it or not, we need to collectively admit that we will never be a part of the capital class.
0:10.0	It's just not going to happen. The system is not designed to support you moving up and becoming a part of those in power.
0:20.0	Now of course you can always point to people who do it and say but see they did it but one in 400 million or however many people exist in this country is not good odds for you to plan your life by. So in today's episode I want to revisit a topic that I spoke about a few months ago.
0:56.7	It's something that has been sort of like bouncing around in the back of my head ever since then.
1:03.6	And I think it's something that is really, really
1:06.3	important for us to understand.
1:07.6	And what I really want to dive into
1:10.5	is the balance and the reality between capital and labor. Now let me define these
1:18.1	terms really quickly. So capital in my view is money, right?
1:23.0	So it's money, it's equity, it's loans, it's leverage,
1:27.2	it's debt, all of the like things that lead to having money.
1:31.2	And its purpose in the economy is largely to purchase labor.
1:38.8	That's why capital exists.
1:40.4	It's an easy way to trade for labor or the byproduct of labor, i.e. goods and services.
1:50.0	Now, labor, when I define labor, I mean work. So whatever your job is, whether it's in an office
1:56.9	or it's in a hospital or it's in a mechanic shop or your plumber or whatever your work is. Labor is the work that you do. Now you can
2:07.4	have physical labor, you can have mental labor, emotional labor. There is all kinds of categories that labor falls into, but it is all
2:17.8	considered work. It is work you do in exchange for capital. Now right now the way that our country the United States
2:26.5	is structured and I'm seeing this or at least I'm seeing inklings of this from
2:30.9	many other countries if anyone out there listening is from another country,
2:34.4	I'd love to hear your thoughts on this episode. But the way that things are structured right now is that
2:41.4	capital has all the power. And there's a few reasons for this.
	...

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