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View Diary: The Myth of the "Consensual" Marketplace (124 comments)

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  •  as you well know technology workers are also (4+ / 0-)
    Recommended by:
    Simplify, greengemini, J M F, dfarrah

    becoming a commodity, which is the goal of all companies, to make their employees unnecessary so they can get rid of them, or pay them as little as possible.

    h1b's and the outsourcing of IT work are destroying the technology industry here.

    capitalism is a perpetual race to the bottom and people keep telling me how great it is.

    the response of you and your libertarian ilk :  "meh, parity, blah, blah, it'll get better."

    that's completely arguable.  it's entirely possible that it stays bad for a long, long time.

    the libertarian idealogy is the idealogy of those who are already doing well.  I've noticed that.  we can't all be above average, and the libertarian philosophy is that the below average should just go on with their short brutish lives - it's for the best - and sorry, but nobody can help you because " capitalism! ".

    big badda boom : GRB 090423

    by squarewheel on Sun Mar 24, 2013 at 04:47:24 PM PDT

    [ Parent ]

    •  libertarianism = Feudalism. Next. (3+ / 0-)
      Recommended by:
      Troubadour, Simplify, dfarrah
      •  Minor quibble for the sake of geekery: (2+ / 0-)
        Recommended by:
        twigg, greengemini

        The economic system of Europe in the Middle Ages was Manorialism - the serf/lord relationship - whereas Feudalism was its political system, based on pledged personal loyalties and obligations of military service among the nobility.  

        So, if we were academics, we would say that libertarianism strongly advocates a Manorial economy, but is relatively indifferent to the Feudal political system.  However, since we're not academics, just saying libertarianism = Feudalism works well enough and conveys the central idea that they're a bunch of backward medievalist quacks who want America to exist in the 10th century.

        Business doesn't distinguish between making money and taking money.

        by Troubadour on Sun Mar 24, 2013 at 05:30:11 PM PDT

        [ Parent ]

    •  Re (0+ / 0-)
      the response of you and your libertarian ilk :  "meh, parity, blah, blah, it'll get better."

      that's completely arguable.  it's entirely possible that it stays bad for a long, long time.

      You miss the point that some libertarians make.

      The point is that there is no possible way to prevent parity from occurring. It's just a question of when and how it happens. Protectionist government policies seem to help in the short term, but just create larger market distortions that will sort themselves out eventually, and probably in more messy and chaotic ways than it would have been otherwise.

      All of this agitation against the 1% misses the point, which is that most people reading this blog are the 1% globally (if you make more than $50k/year, you are in the top 1% globally). The rest of the world increasingly wants what we have, and we have neither the power nor the moral authority to tell them that they can't have it. Global median real salaries are increasing every year, just not here where most Americans are in the top 10% of global income.

      Of course, no one likes to hear this. What people like to hear is that if we could only pass some law or other (raise upper income taxes, keep out H1Bs, pass better union protections, outlaw robots, etc) everything will be hunky dory and we can continue living the consumptive "American dream".

      But the math doesn't lie. Most people in most places have it worse than us. They want what we have. There aren't enough resources in the world for all of us to have it. Eventually, parity is assured. Reasonable economic policy should be about managing this process, not destroying our economy futilely trying to hold it off.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sun Mar 24, 2013 at 11:04:46 PM PDT

      [ Parent ]

      •  Everyone but a handful of global billionaires (1+ / 0-)
        Recommended by:
        dfarrah

        being poor does not = "parity."

        Business doesn't distinguish between making money and taking money.

        by Troubadour on Mon Mar 25, 2013 at 08:25:25 AM PDT

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        •  That's not what's happening (1+ / 0-)
          Recommended by:
          nextstep

          The world median standard of living is increasing.

          (-5.50,-6.67): Left Libertarian
          Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

          by Sparhawk on Mon Mar 25, 2013 at 09:19:53 AM PDT

          [ Parent ]

          •  Disparity and poverty are both increasing (2+ / 0-)
            Recommended by:
            dfarrah, squarewheel

            worldwide.  Trade globalists deceive by saying that someone who goes from being a subsistence farmer with plenty of food but no monetary income to being a factory slave who can buy t-shirts with the pittance they get from working day and night has gone up living standards.

            Business doesn't distinguish between making money and taking money.

            by Troubadour on Mon Mar 25, 2013 at 09:37:58 AM PDT

            [ Parent ]

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