RE:Wage Slavery is a Symptom of Unfree Markets

This is slighty technical, but to refute one of the several links laughinman posted, take the concept of "deadweight loss" which has a heavy "free market economics" bias.

Ha-Joon Chang, who wrote Bad Samaritans, described "Allocative Deadweight Loss" as an improvement upon BOTH capitalist monopolies AND competitive markets in pricing and production of socially optimal quantities due to the decline in the profit motive, which, in capitalist monopolies causes them to "produce only up to the quantity where its profit is maximized... [which] under normal circumstances [is] lower than the socially optimal one" while in a competitive market it may cause overproduction, phenomena such as the 80/20 rule and other inefficiencies due to the absence of communication among competitors and lack of "freedom to set the price, as a rival can always undercut them until the point where lowering the price further will result in a loss." [p.114 Bad Samaritans Ha-Joon Chang]

Alien refutes agorism http://www.youtube.com/watch?v=yrQObaYFmaw I may add that according to wikipedia, wage slavery "...covers a wider range of employment choices bound by the pressures of a hierarchical social environment...working for a wage not only under threat of starvation or poverty, but also of social stigma or status diminution." http://en.wikipedia.org/wiki/Wage_slavery

Category:

Education

Tags:

• free
• market
• socialism
• anarchism
• wage
• slavery
• marx

[qtronRobespierre]

Fuck bosses! I hate working for bosses! Now can you give me some money?

[mr1001nights]

@qtronRobespierre

Brilliant sarcasm, equally useful to defend chattel slavery. Congratulations

[KhmerD0g]

the damn FED manipulates interest rate. the market never gets the chance to set the rate. heck, they even manipulate precious metals.

[mr1001nights]

@KhmerD0g

Nah, businesses in society, especially banks control the Fed, not the other way around

[mauroprovatos]

holy shit, hair

[mr1001nights]

@mauroprovatos

yep, and I ain't cutting it for at least 6 months

[distopiadnb]

Oh please don't quote Marx this way. Wishful thinking about "horizontal" whatever has *nothing* to do with Marx. Hierarchy, specialization and incorporation are necessary preconditions of productivity and output growth, which in turn are the preconditions of well being and political liberty. The problem is their class content, not their function per se. Read less frankfurtese nonsense and more Schumpeter please.

[FreeEcon]

@mr1001nights "Need doesn't go that far"

Then where do you draw the line?

[snarfeater]

the fed IS a corporation do realize the only reason these businesses get so wealthy is because they take money from the taxpayers, or use the government to shield competition. I dont get how people cant grasp that concept, especially people who claim they care about actual truth. I can understand why a professor who spew bullshit, because the truth has implications that could have a negative effect on their career, but maybe you have something at stake too?

[fps0chris]

@mr1001nights you do realize the only reason these businesses get so wealthy is because they take money from the taxpayers, or use the government to shield competition. I dont get how people cant grasp that concept, especially people who claim they care about actual truth. I can understand why a professor who spew bullshit, because the truth has implications that could have a negative effect on their career, but maybe you have something at stake too?

[SecularNumanist]

@derp

"Renting your body is wrong." you can shove your moralizing up your ass. Whats important is results and what creates a greater amount of prosperity for as many people as possible.

"This kind of thinking is the cute fantasy of teenagers who've just finished their first Ayn Rand book." - Laughingman0X hates Ayn Rand, and most people who equate market economics to Ayn Rand have A) never read Ayn Rand and B) Never heard of anyone other than Ayn Rand (and what Chomsky says about Adam Smith)

[slainemacroth]

Interesting stuff. Another critique to laughinman is that the outcome of competitive markets (whether free or not) is that workers end up choosing to appointment managers and recreating hierarchical structures in order to compete.(see Mondragon etc) Before too long such public enterprise economies revert to class-ridden Yugoslavia then onto capitalism. For more on this argument see participatory economics.

[aSheeple]

@KhmerD0g the fed IS a corporation

[themaniusedtob]

im still waiting for this guy to say something i cant agree with... no luck

[dubified89]

w/whatever the predominant stain of anarchism is for tactical reasons & cause it'll be way better than things are now regardless