In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who b… - Lew Rockwell
" "In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who believes it is better to work for $1 an hour rather than sit at home doing nothing is free to make that contract. In fact, a person who works for a negative wage—who pays for an internship, for example—is free to make that deal too.<p>I propose to you, then, a definition of exploitation that comes from the writings of William H. Hutt: violence or threat of violence implied in the negotiation of anything affecting the life of a worker or employer. In that sense, the present system is exploitation. Workers are robbed of wages. Employers are robbed of profits. Poor people and young people especially are robbed of opportunity.
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About Lew Rockwell
Llewellyn H. Rockwell, Jr. (born 1 July 1944), known as Lew Rockwell, is an American libertarian political commentator, economist of the Austrian School and activist.
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Llewellyn H. Rockwell, Jr.
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John Randolph had only been a Senator for a few days when he gave an extraordinary speech denouncing John Quincy Adams. 'It is my duty,' said Randolph, 'to leave nothing undone that I may lawfully do, to pull down this administration.... They who, from indifference, or with their eyes open, persist in hugging the traitor to their bosom, deserve to be insulted... deserve to be slaves, with no other music to soothe them but the clank of the chains which they have put on themselves and given to their offspring.' John Randolph said this in 1826. This was a time, writes de Tocqueville, when the presidency was almost invisible. If we cannot say this and more today, when the presidency is dictator to the world, we are not authentic conservatives and libertarians. Indeed, we are not free men.
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We live in anti-liberal times, when individual choice is highly suspect. The driving legislative ethos is toward making all actions required or forbidden, with less and less room for human volition. Simply put, we no longer trust the idea of freedom. We can't even imagine how it would work. What a distance we have traveled from the Age of Reason to our own times.
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