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Author Topic:   Economics 101 - Evidence Based Decision Making
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004


(3)
Message 7 of 36 (760410)
06-21-2015 3:18 PM
Reply to: Message 6 by ringo
06-21-2015 2:37 PM


Capitalism
Certainly not slavery since they were free to quit their job at anytime.

Anyone so limited that they can only spell a word one way is severely handicapped!

This message is a reply to:
 Message 6 by ringo, posted 06-21-2015 2:37 PM ringo has seen this message but not replied

Replies to this message:
 Message 8 by anglagard, posted 06-21-2015 4:14 PM jar has not replied

  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004


(2)
Message 11 of 36 (760463)
06-22-2015 12:01 PM
Reply to: Message 10 by ringo
06-22-2015 11:49 AM


Re: Inequality & Growth
ringo writes:
Labour is not slavery, no matter how badly you are paid, as long as you are free to go and find another badly paid job.
That precept is why I posted the example of company money. If the company owns the house you live in and you are paid in a currency that is not transferable or portable and you are not someone with a talent that is scarce and needed are you really free to go find another badly paid job?

Anyone so limited that they can only spell a word one way is severely handicapped!

This message is a reply to:
 Message 10 by ringo, posted 06-22-2015 11:49 AM ringo has replied

Replies to this message:
 Message 12 by ringo, posted 06-22-2015 12:05 PM jar has replied

  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004


Message 13 of 36 (760470)
06-22-2015 12:15 PM
Reply to: Message 12 by ringo
06-22-2015 12:05 PM


Re: Inequality & Growth
So as is so often the case the devil is really in the details. The mill workers were certainly not considered slaves in any legal sense (at least in the US) and unlike the case of slaves (again in the US) there was no owner and the company was not free to send hunters after an employee who left and the State Governments were not under a legal obligation to return runaway workers, yet they were every bit as much property as slaves or many sports figures.

Anyone so limited that they can only spell a word one way is severely handicapped!

This message is a reply to:
 Message 12 by ringo, posted 06-22-2015 12:05 PM ringo has seen this message but not replied

  
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