There’s starvation happening right now in every free market and there always is, because every free market relies on a surplus army of reserve labor to keep wages low. That’s why 5% unemployment is “full” employment. There need to be people who are desperate at all times for the market to function, otherwise wages rise too quickly and profits decline at an even faster rate.
The reason for this is that under a free market, nothing is more profitable than providing things people desperately need.
What’s more profitable is keeping people on the street to act as a warning to everyone else: be productive or we will kill you.
When we compare free markets to centralized control systems, pretty much all the starvation has happened under centralized control systems.
The reason for this is that under a free market, nothing is more profitable than providing things people desperately need.
There’s starvation happening right now in every free market and there always is, because every free market relies on a surplus army of reserve labor to keep wages low. That’s why 5% unemployment is “full” employment. There need to be people who are desperate at all times for the market to function, otherwise wages rise too quickly and profits decline at an even faster rate.
What’s more profitable is keeping people on the street to act as a warning to everyone else: be productive or we will kill you.