Thursday, April 21, 2016

Ouch..................................Part 2


"There is of course much hypocrisy in the theoretical edifice. For example, businessmen argue that the minimum wage constitutes intolerable interference by the government in the conduct of business—meanwhile sending armies of lobbyists to Washington to make the government interfere in the conduct of business. In fact capitalists have no objection to federal meddling. They just want it to be such meddling as puts more money in their pockets. Nothing more. Ever."

"The quest for cheap labor has perhaps caused less misery than war—itself a most profitable business, war—but it is neck and neck. Businessmen imported blacks as slaves to have cheap labor, with disastrous results continuing to this day. Businessmen encourage illegal immigration from the Latin lands so as to have cheap labor. They sent America’s factories to China to have cheap labor.  And now they peer with wet lips and avid gaze at…robots."

-Fred Reed, as extracted from this post worrying about where will people find work, and how will they live when they find it.

Can I comment that the first paragraph probably describes cronyism, more than capitalism?

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