Tag Archives: capitalism

How Wage Slavery Could be Abolished in a Free Market

Posted on September 7, 2010 by justino

In a previous post, I discussed why laborers do not receive wages commiserate of their contribution to the bottom line. I argued that the problem was not the fault of the market process. That is, it is not inherent in … Continue reading →

Posted in Commentary | Tagged , , , , , , , , , , , , , , , , , , , | View Comments

The Freedom to Starve

Posted on August 18, 2010 by justino

It is typically conceded that a starving man is not free, and this marks the alleged defining flaw of a free market, the commoditization of labor. The contention is that the relationship between employers and employees is really no different … Continue reading →

Posted in Commentary | Tagged , , , , , , , , , , , , , , , , , , , , , | View Comments

Marx was Right (for the Wrong Reasons)

Posted on August 12, 2010 by justino

In Karl Marx’s and Frederick Engels’ early portrayal of communism, they envisioned an end to the artificial scarcity and economic turbulence they believed was set in place by the private ownership of capital. No longer would an individual be confined … Continue reading →

Posted in Commentary | Tagged , , , , , , , , , , , , , | View Comments

The Social Functions of Profits

Posted on July 27, 2010 by justino

Profit seekers — those just after a quick buck — are often derided as being anti-social, as harmful to the interest of society at large. Common objections to profits themselves are that they are unearned, that they drive up prices … Continue reading →

Posted in Commentary | Tagged , , , , , , , , , | View Comments