https://kindofidea.com/tags/financial-intelligence/ Recent content in Financial Intelligence on Kind of Idea Hugo en-US Mon, 27 Oct 2014 00:00:00 +0000 https://kindofidea.com/entrepreneurship-the-rat-race-is-a-completely-different-concept-from-surplus-value/ Mon, 27 Oct 2014 00:00:00 +0000 https://kindofidea.com/entrepreneurship-the-rat-race-is-a-completely-different-concept-from-surplus-value/ <blockquote> <p>One day, I was giving a colleague some financial advice and, when I mentioned the concept of the Rat Race, my colleague said it was similar to the concept of Surplus Value. In this text I will demystify and prove that the two have nothing to do with each other. Here are the definitions.</p></blockquote> <h2 id="surplus-value">Surplus Value</h2> <p>This is a concept created by the German Karl Marx in the industrial era that criticizes capitalism. From Marx&rsquo;s perspective, there were those who owned productive capital, with which they expropriated surplus value, thus constituting the exploiting class (the bourgeoisie); on the other side were wage earners who did not own property (the proletariat). In current terms, there is the employer and the employee. The companies and the employees. The entrepreneur and the collaborators.</p>