anotherneil
Well-Known Member
The way I see it, economic liberty and slavery are both subsets of capitalism. Capitalism isn't just one or just the other, but if we don't have complete economic liberty, then slavery exists.I once said on this site that capitalism is simply voluntary exchange, nothing more. Then people responded saying "it's not voluntary because 'wage slavery'".
I've thought about it since then. I still remain unconvinced that capitalism is not voluntary. You don't have to work, you can roll over and die in poverty instead. So there is a choice. "That's no choice!" Well, why are you blaming your source of income, saying they are "enslaving you"? Even if it really isn't a choice, I feel like the blame and anger is misdirected entirely. Instead of being mad at the person who provides you income, shouldn't you be mad at the universe or "God" for giving you a physical body with daily requirements to stay alive? It is in no way the employers fault that if you don't work you are screwed. That's just the physical nature of reality. And in the end, you don't have to work for the employer. So it's not slavery. You do have a choice. Obviously, you are going to choose to work, but if you don't feel that is fair, blame god, not capitalism.
Capitalism is simply voluntary exchange, nothing more. Certainly not slavery.
Consider what "state capitalism" is, just another way of describing economic socialism, central planning, or a command-and-control economy - all are a form of slavery.
There's free trade, and there's trade that isn't free (people are coerced by the government to buy or sell something or to not buy or sell something, whether it's goods or services); either way, it's still capitalism. There's still capital involved in either case.
However, that type of slavery is what I would call "active slavery", or a harder form of slavery - people are compelled by the government to do something or not to do something. Antebellum slavery was one group of people using government to force another group of people (along with their descendants) to sell their services and to prevent them from receiving educational services. They probably weren't paid with any money, but the payment they received was in the form of some food, water, clothing, shelter, the privilege to live, or to not be punished for not working; it was inherently an unfair deal (whereas I would say that fair deals are only possible in free-market societies).
There's also what I would call "passive slavery", or a softer form of slavery. It's the false choice fallacy problem of free-market capitalism: either you choose to work for the man, or you choose to fall through the cracks. There's some difference between this and Antebellum slavery, but not that much.
There is an option being denied (unless you're born into a rich family, which is analogous to being born in a free family during Antebellum slavery), which is to neither work for the man nor fall through the cracks.
Everything in the world is owned or somehow controlled by society, so an individual who doesn't want to work for the man can't simply go off in the woods to hunt, gather food, get water, or build their own shelter from scratch (in other words, access to natural resources). Society practically walls them off from access to that lifestyle choice, effectively forcing them to fall through the cracks.
There has always been a very simple solution to this problem, yet for some reason I'm not sure of, society has been hesitant to allow it - just like society (in the US) had been hesitant to free Antebellum slaves.
That solution is simple, compatible, and consistent with free market capitalism: a dividend-based "UBI" (universal basic income). It has to be dividend-based, otherwise it's not economically sustainable.
It's not wealth redistribution, it's compensation in exchange for recognition of the right to prop up those walls that block access to natural resources.
If the economy is performing well, those payouts are higher (just like stock dividends), and if the economy is performing poorly, those dividend-like UBI payouts are reduced. In an economy that's performing poorly, both individuals who work and business owners have to tighten their belts & same for those who rely on UBI dividend payouts.
Now one can say that society isn't being subjected to a false-choice fallacy, because it's now getting compensated, and since that compensation isn't a fixed amount, the economy won't be unsustainable because of it - when the dividend payouts get too low, it's up to people who want more to either get a job (which may help prop the economy back up), or fall through the cracks - and in this case they can no longer blame a false choice fallacy for that.