Sunday, August 7, 2011

Low wages and revolutions

No economy, whether modern or ancient, monarchist or democratic, capitalist or socialist, can rely solely on market forces to meet all the needs of society or to direct the development of the nation toward a desired destiny.

A properly regulated market performs many important economic functions that are necessary for any economy, feudal, capitalist or socialist. However, market forces, when unregulated or undirected by government, as neoliberals advocate for capitalist market economies, naturally allocate resources most efficiently toward efforts and investments with the highest potential return on capital rather than where it is needed most by the nation and its people.

More @ bit.ly/iREiS9

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