As the economic degree of capitalism rises, not only do profit margins and the rate of profit fall, but wage payments come into being and then rise both absolutely and relative to profits.
Capitalism operates to raise wages, shorten hours, end child labor, and improve working conditions.
Despite the support which it historically gave to the exploitation theory, classical economics provides the basis for turning the exploitation theory upside down.
Marxism/Socialism is a philosophy conceived in gross error and ignorance about the nature of capitalism, above all about the nature of the relationship between capitalists, profits, and wages.
The concept of white privilege is an invitation to the violation of the rights of whites to the same extent that the rights of blacks have been violated.
I deeply regret the passing of Ralph Raico. In his youth, he was my brother.
American job losses are not the result of freer trade and an excess of imports over exports, but of government policies that prevent capital accumulation in the United States, among them policies that limit imports.
Some thoughts on Piketty’s Capital in the Twenty-First Century.
Capital accumulation and more production, not egalitarianism and its absurd theories and programs, are the foundation of rising living standards in general and rising real wages in particular.
The principle here is that we need to look to greater economic freedom, not greater government intervention, as the path to economic improvement for everyone, especially the poor.
The efforts underway by the Service Employees International Union, and its political and media allies, to raise the minimum wage from $7.25 to $15 per hour would, if successful, cause major unemployment among low-skilled workers, who are the supposed beneficiaries of...
As wage rates rise, workers can more and more afford to accept lesser increases along with improved working conditions of a kind that must be at their expense.
To reduce government spending means to reduce the money the government pays out, not to reduce the money it has chosen not to take in. The first is a reduction in government spending; the second is an increase in taxes. Confusing the two is of benefit only to con men who worship an omnipotent state.
It is intolerable that their people be made to suffer the effects of disastrous legislation piled on top of a natural disaster and thereby needlessly enlarging and extending the effects of the natural disaster.
Any meaningful program of gun control must above all focus on strictly controlling and regulating the activities of the government.
You and your fellow billionaires should make this policy on the part of the colleges and universities an absolute condition of receiving donations or bequests from you for any purpose. You could think of it, perhaps, as the “Fairness for Capitalism Pledge.”
Upholding freedom of speech and rational communication requires a policy of no tolerance for the occupation of property against the will of its owners.
“The wealth of the 1 percent provides the standard of living of the 99 percent.”
Voice of Capitalism
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