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Employees are Cheaper than Slaves.
a4architect.com
#1 Posted : Saturday, April 14, 2012 7:07:26 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
http://www.a4architect.c...re-cheaper-than-slaves/

The History of Slavery

http://gco2e.blogspot.co...history-of-slavery.html

Someone asked me today: Who does finance work for? Good question.

The answer: Whoever is collecting the largest portion of the economic rents. From the most valuable asset in the world. The Land.

Across history the class of rent taker has been the same. The landlord. Their common name has changed and their identity has been obscured the more time goes on.

Today, the de facto Landlord is commonly called a banker. Allow me to show you how:

Chattel Slavery
Before land was fully enclosed (free land still existed) rent used to be collected very directly by owning the bodies of people, forcing them to do your work for you on pain of death. For example Egypt, Rome or the USofA. Forced imprisonment of labour was the only way to get the unearned income.Free people would otherwise run to the free land. A very costly form of slavery as the owner of private property in their bodies had to keep them fed, clothed, in a condition well enough to work and sheltered, not to mention capturing them and keeping them chained up. Chattel slavery.

Wage Slavery
While commerce was still mostly agricultural but land had become enclosed there was no need to own the bodies of people any more.

http://www.a4architect.c...are-cheaper-than-slaves/
As Iron Sharpens Iron, So one Man Sharpens Another.
a4architect.com
#2 Posted : Sunday, April 15, 2012 11:20:47 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
http://en.wikipedia.org/wiki/Wage_slavery

Quote:
Though stock ownership remains highly concentrated in capitalist societies, some workers complement their wage earnings with stock market investments. This can create a conflict of interest when stock profits require outsourcing of jobs or lowering of wages and other benefits.[71][unreliable source?]

Wage laborers and their families incur debt from financial institutions to compensate for insufficient earnings. According to economist Steve Keen, the "deleveraging" moments when they (or the governments they live under) pay down debt instead of spending on consumption or investment in real-economy infrastructure, result in economic crises or even depressions (such as The Great Depression). The lack of aggregate demand caused by low wages and low unionization, as well as the higher wages that create inflation—as capitalists pass increased labor costs onto consumers—are important factors in the creation of the business cycle.[72]


http://en.wikipedia.org/...ity_of_bargaining_power

Quote:
The Webbs also pointed out that discrimination can decrease job opportunities for women or minorities, and that the legal institutions underpinning the market were skewed in favour of employers. Most importantly, they believed that a large pool of unemployed people was a constant downward drag on the ability of workers to bargain for better conditions.

“When the unemployed are crowding round the factory gates every morning, it is plain to each man that, unless he can induce the foreman to select him rather than another, his chance of subsistence for weeks to come may be irretrievably lost. Under these circumstances bargaining, in the case of the individual isolated workmen, becomes absolutely impossible.”[2]
As Iron Sharpens Iron, So one Man Sharpens Another.
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