The techlords told me when AI replaces my job I can just be on the beach with full pay.
And they're billionaires so they must be smart.

competition

That's a weird way to spell bombs.

What makes socialism less competitive?

In Germany, you're having a "Sitzung" which is the word for a conference meeting, but literally just means "sitting".
When you return to your desk, coworkers will ask if the "meeting" was productive.

Everyone who advocates for a "third way" always just ends up advocating for capitalism.

Railways were a thing when communism was developing during Marx's times and Lenin wrote extensively about railways. Their analysis is still very valid, and if anything, planning has become more feasible than 100 years ago thanks to computers. There are some modern proposals, but they are still very much based on socialism, since capitalism can only lead us to ruin.

"It's socialism or barbarism!". It's because there hasn't been any other convincing arguments otherwise. If you give the capitalists an inch, they'll eventually take it all. You cannot allow capital to accumulate to the degree that it wields real political power.

The real choice is capitalism or democracy.

That's propaganda of the deed. Not all leftists are anarchists.

You criticize society, yet you live in it. Hypocrisy much? Chekmate liberal

each employee provides $2.3 million worth of value

Market cap is just the value at which shares are sold on the market, not necessarily the actual value of the company. It implies a lot speculation for investors on how much they expect to gain from the ownership. The company equity/net worth is a more accurate indicator. What you're calculating is the accumulated value in time, not yearly.

If you want the ratio of generated value to wages paid, it's hard to accurately calculate with just public data, but you can approximate it so: in a given year, take the operating income and divide it by the number of employees. Operating income accounts for overhead expenses like SG&A (Sales General & Admin), which includes things that you can argue are useless (like wages for execs, middle management, and sales), but they also include admin costs like office rents, etc. Then you also have to find the average/median wage of a worker at the company, so the total is:

yearly value created by a worker = (operating income / n. of workers) + median wage

You can also do a quick calculation using this tool: https://yourfairshare.info/

It's interesting to note how in all of these top companies, for every 1$ paid to workers, another ~1$ is transferred to capitalists through dividends and buybacks.

Why is this highly upvoted? This is just a poor understanding of economics.

The market cap just shows the aggregate value of shares that are being publicly traded. It has nothing to do with labor value. You can't derive labor value from the market cap because there's no correlation. If you want to find out how much each employee contributes, you would have to use something like company revenue.

Company value is just the result of shareholders expectations for the future company value. It doesn't directly reflect the employees worth

this is interesting to me. can you show your work? Id be interested in going through the thought experiment as well.