Currently viewing the tag: "wage slavery"
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 to an “exclusive sphere of activity, which is forced upon him and from which he [...]
Who plans whom, who directs and dominates whom, who assigns to other people their station in life, and who is to have his due allotted by others? — Friedrich HayekArchives
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How Wage Slavery Could be Abolished in a Free Market
In a previous post, I discussed why laborers do not receive wages commensurate 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 the market process. I was pointing out how government, through systematic expropriation of ownership [...]