"LABOR IS PRIOR TO CAPITAL. LABOR CAN EXIST WITHOUT CAPITAL; BUT CAPITAL CANNOT EXIST WITHOUT LABOR''

Re: Who will fix the machines?

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Posted by Curious on January 06, 2009 at 15:58:06:

In Reply to: Re: Who will fix the machines? posted by Editorial Staff on January 06, 2009 at 12:09:55:

"The private owners would not be compensated for
their losses, because their wealth was gained on the exploitation of the working class."

Thanks for your prompt reply.

Even under eminent domain, the owners of the "condemned" property are paid fair market value for the "taken" property.... at the value before the taking.

I propose taking it from the greedy bastards without compensation is wrong... irrespective of how they assembled their wealth.... after all, it was legal under the "former" system.

If your plan of social ownership is to be accepted by the public... we have to figure out a way in which the former owners can be compensated for their tools.....
however devalued the tools of production are.

We can determine the the basis for their exisitng value (used for tax purposes) and then deduct for socially necessary improvements for efficiency, safety, the environment, etc.

Pay them off, and send them on their way....

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