• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Ayn Rand and Objectivism

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Originally posted by Gibbon View Post
    There's seems to be a misunderstanding that if you work in the private sector then you are automatically creating wealth.

    If you are an agency, umbrella company or accountancy and your income is derived from charging a fee to contractors then you are not creating wealth. You are simply diverting already earned income for a service which what the Public Sector does. If any of your clients are working for the Public Sector then you too are on the 'gravy chain' and adding to the cost of public services.

    If however you are a contractor in a highly profitable company selling aero engines around the world then you most definitely are creating wealth for UK PLC and the other pseudo private companies that feed on your wealth creation.
    I'd also say it's simplistic to state that the public sector doesn't create wealth. Right now I'm working on GIS systems in the public sector which are used in planning business locations, water provisions, electricity provisions, road building etc etc. This contrubutes to the creation of wealth, albeit indirectly, but then 'indirectly' can apply to anyone who isn't actually bashing nails into wood or screwing things together.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      Originally posted by Mich the Tester View Post
      I'd also say it's simplistic to state that the public sector doesn't create wealth. Right now I'm working on GIS systems in the public sector which are used in planning business locations, water provisions, electricity provisions, road building etc etc. This contrubutes to the creation of wealth, albeit indirectly, but then 'indirectly' can apply to anyone who isn't actually bashing nails into wood or screwing things together.
      I agree Mich. I'm disagreeing with the premise that the private sector automatically 'creates wealth'. Does an out sourced company providing care for the elderly but funded by the local authority create wealth?
      But I discovered nothing else but depraved, excessive superstition. Pliny the younger

      Comment


        Originally posted by Gibbon View Post
        I agree Mich. I'm disagreeing with the premise that the private sector automatically 'creates wealth'. Does an out sourced company providing care for the elderly but funded by the local authority create wealth?
        For the directors, yes, tuliploads of it. As you say, that's not wealth creation, but diversion of wealth. Don't ask about the people requiring care.
        And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

        Comment


          Originally posted by Gibbon View Post
          There's seems to be a misunderstanding that if you work in the private sector then you are automatically creating wealth.

          If you are an agency, umbrella company or accountancy and your income is derived from charging a fee to contractors then you are not creating wealth. You are simply diverting already earned income for a service which what the Public Sector does. If any of your clients are working for the Public Sector then you too are on the 'gravy chain' and adding to the cost of public services.

          If however you are a contractor in a highly profitable company selling aero engines around the world then you most definitely are creating wealth for UK PLC and the other pseudo private companies that feed on your wealth creation.
          Indeed.
          Hard Brexit now!
          #prayfornodeal

          Comment

          Working...
          X