1 : In purely economic terms, risk is a cost, not a reward. Companies spend money to minimize risk.
2 : Morality is not the basis of our economic system. You can’t have your cake and eat it too. You can’t say “greed is good” and “self-interest is supreme” and then be like “it is immoral for workers to be greedy and pursue their self-interest”.
3 : Economic planning, even under capitalism, is far more efficient when workers are rewarded the full possible amount of the profit share. The artificially low price of labor discourages labor-saving innovation and reduces economic growth and prosperity.
4 : In the modern age, there is almost a total disconnect between owners and managers of large busines. The people who actually take decisions involving risk are different from the people who own capital. It is only in small businesses where owners take risks.
5 : There is no way to calculate the economic value of risk-taking. It is not an objective quantity.
6 : Morality is a form of false conciousness like religion. Morals don’t exist in the real world any more than ghosts or fairies. They are not material object nor do they refer to any real social relations between people. We don’t base any of our actions on morality. We don’t avoid killing or stealing because of metaphysical moral imperatives, but material things like “we go to jail for killing” or “we get negative emotions in our brain for stealing”. Saying someone “deserves” something is a moral argument. We don’t say workers “deserve” the full value of their labor, we simply encourage them to exercise their self-interest.
