Capitalism IS freedom of individuals to trade, make contract and to own results of your labor. That IS anti-slavery.
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No. The factory owner owns the product of factory workers labor.
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A worker is also free to take their labor elsewhere. That's what freedom is.
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Freedom is choosing a different person to exploit you. Brilliant.
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It is brilliant. We make our living by doing something that others value. And that is as true for the employer as it is for the employee
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Thats why NO ONE works a job they hate to get by.
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Plenty of people do. But others have to value the results or they wouldn't pay money for it
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Why doesn't an employer pay the employee the value they create for the employer? The employer isn't necessary for production yet they benifit the most from it
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yeah, those Marxists and the slave trade, and American slavery, and the colonization of India China and Africa, and apartheid, those Marxists
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The Marxists used slave labor too. They were called gulags.
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*Steps over centuries of demonstrably racist capitalism in the US* "Don't these socialism-embracing racial justice activists know that socialists are the real racists?"
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There is no such thing as "racial justice" there is only justice. And you can't even name any liberal philosopher or economist that advocated racism, from Smith to Mises and Rand.
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Steven, the Marian Tupy is an entirely scurrilous piece - before 1939 racism was normal with nearly all intellectuals, not just Marxists.
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I also do not believe you can entirely separate these issues. Many things can contribute to racial inequality, capitalism included.
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The opposite is true. Capitalism, globalism & free trade markets are eradicating poverty. The world's poorest have been the biggest beneficiaries & it's not even close. http://humanprogress.org/blog/the-worlds-poorest-people-are-getting-richer-faster-than-anyone-else?utm_content=buffer3c2d9&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer …
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Not on their own. Economic growth of a country only goes so far, it doesn’t eradicate poverty on its own. Inequality greatly reduces the impact of the growth on the poor. Health, education and social safety nets all contribute.
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Health and education have prospered under capitalism. The world has never been more literate, the lifespan across the globe is higher than ever, and crime & warfare are in massive decline.
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But you're right. Capitalism/free trade alone is insufficient to explain wealth increase. A key ingredient is missing: redistribution! Indeed, when a country generates so much capital, it gets redistributed in ways that decrease poverty even more!pic.twitter.com/7GIQa8SJsv
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