Wednesday, August 03, 2005
Critique of the Free Market
A nice summary from Josh Marshall;
writes our correspondent Damncommieape:
"You can't make a solid argument that wages in other countries have found their natural level if one of the major 'inputs' is organized political violence to keep wages low and labor activism inert..
"..if people who try to form labor unions are murdered then that whole theory falls apart..
"..we're dealing with more than invisible hands."
For example, when we consider China's 'competitive' capitalism, we shouldn't forget the extra-economic boot on humanity's face, as symbolised recently by the images from the Shengyou land riots.
writes our correspondent Damncommieape:
"You can't make a solid argument that wages in other countries have found their natural level if one of the major 'inputs' is organized political violence to keep wages low and labor activism inert..
"..if people who try to form labor unions are murdered then that whole theory falls apart..
"..we're dealing with more than invisible hands."
For example, when we consider China's 'competitive' capitalism, we shouldn't forget the extra-economic boot on humanity's face, as symbolised recently by the images from the Shengyou land riots.
