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View Diary: Economics Daily Digest: Low Taxes Carry Heavy Burdens (4 comments)

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  •  Slavery Is Human Capitalism (1+ / 0-)
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    human-capital contracts, which allow people to raise funds for businesses or education in exchange for a percentage of future earnings over a number of years.

    How about a human-capital contract that gives some up front benefit that is soon completely consumed (like, say, job training), in exchange for 100% of future earnings over the rest of one's life? 16 hour shifts, sleep in a homeless shelter, eat at a soup kitchen and out of the company store if you work hard enough to earn it as a bonuns.

    You might say that nobody'd sign that contract, but it's better than some lives, which don't get work or shelter and food. For example people whose least bad choice is an endless succession of prison when risky, destructive livelihoods eventually go wrong, rather than the alternative of starving in the streets (or backwoods).

    That sounds like slavery. It might not be as abusive as much US slavery was, because we haven't revoked other human rights protections (yet). But treating humans as capital - literally property - is slavery.

    "When the going gets weird, the weird turn pro." - HST

    by DocGonzo on Fri Nov 01, 2013 at 06:52:47 AM PDT

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