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Does capitalism exploit workers?

Does capitalism exploit workers?

(6:08) Professor of philosophy and libertarian Matt Zwolinski argues that capitalism actually protects workers' interests.

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Guest: (2248 days ago)
This seems simply to be a load of political/economic philosophers playing with definitions. Trying to create a useful definition of "exploitation" by using the word "unfair" is like trying to clear up what "animal" means by saying its a "beast".
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This seems simply to be a load of political/economic philosophers playing with definitions. Trying to create a useful definition of "exploitation" by using the word "unfair" is like trying to clear up what "animal" means by saying its a "beast".
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Guest: PeterLondon (2246 days ago)
So let's get this straight: there are evil capitalist folks out there who given half-a-chance, will enslave us all. But the people really responsible for all the problems are our elected representatives. So less power to our elected representatives and more power to the evil capitalist folks - and we'll all be happy! Simples!
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So let's get this straight: there are evil capitalist folks out there who given half-a-chance, will enslave us all. But the people really responsible for all the problems are our elected representatives. So less power to our elected representatives and more power to the evil capitalist folks - and we'll all be happy! Simples!
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Guest: JG (2246 days ago)
Latest comment: Yes this argument is clearly demonstrated by CAT. I'm not a socialist by any means but corporates will screw the work force any chance they get. This is proved by CAT. They know that times are tight and alternative employment scarce so, despite strong profits and market position, they use this to dictate unfair terms to their employees.
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Latest comment: Yes this argument is clearly demonstrated by CAT. I'm not a socialist by any means but corporates will screw the work force any chance they get. This is proved by CAT. They know that times are tight and alternative employment scarce so, despite strong profits and market position, they use this to dictate unfair terms to their employees.
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Guest: steve-o (2247 days ago)
Nice to see CAT protecting their workers interests by freezing their pay and pension for 6 years, despite making record billions of profit, and awarding their CEO a 60% pay increase. Where the f**k does this twat live because it's not the world we live in.
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Nice to see CAT protecting their workers interests by freezing their pay and pension for 6 years, despite making record billions of profit, and awarding their CEO a 60% pay increase. Where the f**k does this twat live because it's not the world we live in.
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Guest: (2252 days ago)
What a crock of shit, bring on "the euthanasia of the rentier"? "The last thirty years have seen the construction of a vast bureaucratic apparatus for the creation and maintenance of hopelessness, a giant machine designed, first and foremost, to destroy any sense of possible alternative futures. At its root is a veri­table obsession on the part of the rulers of the world-in response to the upheavals of the 1960s and 1970s-with ensuring that social movements cannot be seen to grow, flourish, or propose alternatives; that those who challenge existing power arrangements can never, under any circumstances, be perceived to win. To do so requires creating a vast apparatus of armies, prisons, police, various forms of private security firms and police and military intelligence apparatus, and propaganda engines of every conceivable variety, most of which do not attack alter­natives directly so much as create a pervasive climate of fear, jingoistic conformity, and simple despair that renders any thought of changing the world seem an idle fantasy." - David Graeber.
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What a crock of shit, bring on "the euthanasia of the rentier"? "The last thirty years have seen the construction of a vast bureaucratic apparatus for the creation and maintenance of hopelessness, a giant machine designed, first and foremost, to destroy any sense of possible alternative futures. At its root is a veri­table obsession on the part of the rulers of the world-in response to the upheavals of the 1960s and 1970s-with ensuring that social movements cannot be seen to grow, flourish, or propose alternatives; that those who challenge existing power arrangements can never, under any circumstances, be perceived to win. To do so requires creating a vast apparatus of armies, prisons, police, various forms of private security firms and police and military intelligence apparatus, and propaganda engines of every conceivable variety, most of which do not attack alter­natives directly so much as create a pervasive climate of fear, jingoistic conformity, and simple despair that renders any thought of changing the world seem an idle fantasy." - David Graeber.
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Guest: Kamikaze (2252 days ago)
Capitalism is not inherently exploitative so long as two conditions are met: 1) It is a true capitalist economy, free of monopolistic advantage, and 2) labour is scarce rather than abundant. Both have the same effect, namethat of making an apparently voluntary exchange mandatory in practice. For example, a labourer may have the "option" to take a job that pays less than what would meet his basic needs, but rather than another employer being there to offer more, another labourer is there to take the job if he gives it up. Faced with the "choice" between taking an underpaying job or having NO job, he is therefore exploited. Monopoly and its variations create the same situation with regards to the pricing of essential goods. Capitalism may be inherently fair, but pseudo-capitalism (which whe currently enjoy) can be HIGHLY exploitative, as was the pseudo-communism previously "enjoyed" byt the former Soviet Union.
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Capitalism is not inherently exploitative so long as two conditions are met: 1) It is a true capitalist economy, free of monopolistic advantage, and 2) labour is scarce rather than abundant. Both have the same effect, namethat of making an apparently voluntary exchange mandatory in practice. For example, a labourer may have the "option" to take a job that pays less than what would meet his basic needs, but rather than another employer being there to offer more, another labourer is there to take the job if he gives it up. Faced with the "choice" between taking an underpaying job or having NO job, he is therefore exploited. Monopoly and its variations create the same situation with regards to the pricing of essential goods. Capitalism may be inherently fair, but pseudo-capitalism (which whe currently enjoy) can be HIGHLY exploitative, as was the pseudo-communism previously "enjoyed" byt the former Soviet Union.
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Guest: (2252 days ago)
Mean while, back in the real world... Capital and market economy are not the same thing. The capitalism that you long for has never, can never and will never exist.
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Mean while, back in the real world... Capital and market economy are not the same thing. The capitalism that you long for has never, can never and will never exist.
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