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Most "optimization" of menial or low skill labour has been in response to government intervention into the market via things like minimum wage increases, or ove
by rubyist5eva 6y ago
Most "optimization" of menial or low skill labour has been in response to government intervention into the market via things like minimum wage increases, or over-regulation. That's not capitalism.
- krapp 6y agoAll economies which are considered capitalist exist, and have existed, within the context of a state which regulates markets to some degree. A definition of capitalism which presupposes a pure free market isn't useful for discussing the real world - most people would consider the United States and the state of Texas to be capitalist, despite also being regulated. The incentives of neoliberalism and globalism are also unquestionably capitalist to almost everyone, the decisions to seek cheaper labor and more business-friendly regulatory environments as well as automation are made by businesses in order to reduce costs and create value for shareholders. Moving wealth to the capitalist class is literally the purpose of capitalism. But you can replace "capitalism" with whatever you prefer in this discussion, the incentives and outcomes in the real world remain the same.
- deleted 6y ago[deleted]