<i>Capital is extremely mobile and not part of a market transaction, while most labor is immobile and constrained as a market transaction.</i> It does not have

<i>Capital is extremely mobile and not part of a market transaction, while most labor is immobile and constrained as a market transaction.</i> It does not have to be. The neo-feudalists have relentlessly advanced an agenda of removing capital controls since the early 1970s. If you look at modern, rich, mixed industrial economies that have emerged since WW2, they did it with very strict capital controls in place during the period they nurtured their infant industries. At one time in South Korea the highest penalty for violating capital controls was the death penalty!