Labor Created Man Himself

"Labor created man himself." Do you know who is the author of this statement? Friedrich Engels - the man, who did not work a single in his life. Why Engels came to such an absurd conclusion? The answer is simple: saying the phrase "labor created man himself", Engels, under the word "man", meant himself - Engels. We can rephrase it in a politically incorrect language: "The work of plebs has created a rich man, that is me, Engels." Marx pointed out the following: "All people live from labor, but not all from their own." Absolutely all the Marxists followed this rule like invariant - this is the communist morality.

In the evolutionary perspective, the labor could not have created man. Man was created by intellect. People have always tried to assume a position to guarantee them a minimum of physical labor. If we assume that "labor created man", the highest type should now be represent by porter, janitors, miners, grave-diggers and construction workers.

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It is normal for a growing business to take on debt. I will illustrate this with a simple example.

2 bakeries, Alpha and Beta, both valued at $1 million, both growing at 10% per year.

Bakery Alpha does nothing, here are it's growth figures for the next 3 years.

0) $1. million
1) $1.1 million
2) $1.21 million
3) $1.33 million

Bakery Beta takes out a loan of $1 million with an interest rate of 5% and invests it in the business, the value of the business's assets are $1 million higher and growing at 10% while the amount owed to the bank (liabilities) is growing at 5%.

Beginning of year 1
Assets = $2 million
Liabilities = $1 million
Net worth = $1 million

Year 1
Assets = $2.2 million
Liabilities= $1.05 million
Net worth = $1.15 million

Year 2
Assets = $2.42 million
Liabilities = $1.1 million
Net worth = $1.32 million

Year 3
Assets = $2.66 million
Liabilities = $1.16 million
Net worth = $1.5 million