4 ms·
If you're trying to make an ad-hominem attack here, the argument about labor productivity and wages I'm presenting is straight out of Adam Smith's Wealth of Nat
by littletimmy 11y ago
If you're trying to make an ad-hominem attack here, the argument about labor productivity and wages I'm presenting is straight out of Adam Smith's Wealth of Nations. Would you group him alongside Kim Jong-un and Fidel Castro?
To answer your question. No one is a capitalist, really. Everyone makes compromises between socialism and capitalism, including the high priests of capitalism like banks and corporations sucking on the teat of the taxpayer.
- richmarr 11y agoMy interpretation of his comment was that it's not just 'capitalists' who are incentivised to keep labour costs as low as possible. Could be wrong though, was pretty vague.