The Place Where Ludington Talks
Does Capitalism Exploit Workers?
The idea that capitalism exploits workers stems from Karl Marx's work in the late 1800s. Although the definition of "exploitation" has changed since then, many still believe capitalist systems take advantage of vulnerable workers. Prof. Matt Zwolinski explains why capitalism actually tends to protect workers' interests. And Zwolinski contends that even if it were exploitative, increasing political regulation and control would actually make the problem worse. Increases in government make citizens more vulnerable to the state. Political officials are tempted to exploit this vulnerability for the benefit of the politically well connected. Unlike free market transactions, which are mutually beneficial, when politics is involved one party's gain usually comes at someone else's expense.
Views: 27
Comment
-
Comment by XLFD on April 15, 2014 at 8:35am
-
I thought so too, that's why I shared. It's part of the Torch's mission to get the government off the backs of the people, and this video effectively shows why governmental controls actually wind up a lot more exploitative of the work force than free market capitalism ever would. American government should only step in when there is ample evidence of collusion between companies that is repugnant to competition and other free market ideals. But our government recently is only adding more control/collusion to the system, pushing u toward an inefficient brand of socialism.
-
Comment by Willy on April 15, 2014 at 1:50am
-
Very good video X
© 2024 Created by XLFD.
Powered by
You need to be a member of The Ludington Torch to add comments!
Join The Ludington Torch