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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (8293)	3/13/2001 3:50:13 PM
From: Win Smith	Read Replies (1) \| Respond to of 82486

Just as there cannot be a truly socialist regime that continues with feudal titles, there cannot be a truly capitalist regime that employs slave labor. It is a matter of finding voluntary exchange and honesty in contracts the best policy in the long run. Uh huh. So, you're perfectly willing to pass over the excesses of allegedly capitalist regimes as "imperfect implementations", while you rant on and on about "socialist ideology" and Hitler, Mao, and Stalin. Whatever.

To: Neocon who wrote (8293)	3/13/2001 8:23:17 PM
From: Dayuhan	Read Replies (1) \| Respond to of 82486

the difference between capitalism and these other forms of profit- seeking is that capitalism relies on free markets, including a free market in labor This is a feature that creates serious difficulties in developing countries where expanding populations and inadequate investment have created labor-surplus environments. In theory, these environments should force labor costs so low that investment is attracted, raising demand for labor and eventually driving wages up. In practice, it doesn't work that way: when the value the market places on labor falls below a survival wage, social and political instability result, driving away investment. I don't have an easy solution, but orthodox capitalism doesn't either.