In fact, the saving and productive expenditure of the capitalists show up as wages and expenditure for capital goods, which in turn show up as costs of production and thus a deduction from sales revenues. This means a reduction in the amount of profit relative to sales revenues.
For elaboration, see my Kindle essay “Rectifying the Greatest Error in the History of Economic Thought: ‘Demand for Commodities Is Not Demand for Labor’ Versus the Marxian Exploitation Theory.” 99¢ at https://amzn.to/2mN0GOb.
My essay shows that the original income of labor was profit not wages, and that capitalists create wages, costs, and capital and thereby reduce profits relative to sales revenues and capital, while raising wages relative both to sales revenues and to prices.
Thus, “wokes”—Marxism-inspired morons—denounce capitalists for creating and enlarging what they in fact reduce, i.e., relative profits, and for reducing what they in fact enlarge, i.e., relative wages and their buying power.
Capitalists enrich everyone through the rise in the productivity of labor they bring about, and which progressively reduces prices relative to wages, thereby raising real wages, and making possible shorter hours, better working conditions, and the abolition of child labor.
On these points, see my Kindle essay “Marxism/Socialism, a Sociopathic Philosophy Conceived in Gross Error and Ignorance, Culminating in Economic Chaos, Enslavement, Terror, and Mass Murder: A Contribution to Its Death.” It’s available at https://amzn.to/2N44uTu. Price: 99¢.
And see also, my essay “How the 1% Provides the Standard of Living of the 99%.” It’s available at http://amzn.to/1Dj8x86 also for 99¢.
As for the issue of racism, that “woke” people are allegedly so concerned about, what profit-seeking capitalists discriminate in favor of is that which is the color of money, such as, gold, silver, and greenbacks.
So, for example, if blacks are getting paid less than whites for the same work, profit-seeking capitalists will employ equally good but lower-paid blacks at every opportunity, provided there are no laws or regulations that threaten them for doing so. Cutting costs raises profits.
The result is a rise in the wages of blacks and a fall in the wages of whites. The further result is equal pay for equal work. (The same applies to the wages of women relative to those of men.)
For elaboration on the true relationship between capitalism and racism, read my essay “Capitalism: The Cure for Racism.” 99¢ at https://amzn.to/2Hcquv9.
