Adam Smith surmised, and future theorists of the "dismal science" of economics confirmed it, that the free market required a pool of unemployed workers at the "bottom" of the economic scale in order to keep wages down.
I interpret this to mean that the larger the "bottom" class of people, the more rich the aristocrats are. Thus, eliminating the middle class and forcing a different economic system on the people. There is no longer a free market (capitalism) but a socialist one.
Soemthing to think about... when you listen to the evening news.... but more importantly.... something to think about when you vote this November!
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Quote Source:
Clancy Martin & Robert C. Solomon; Above the Bottom Line; Wadsworth; Belmont, CA; 2004
1 comment:
I couldn't agree with you more. Free markets also seem to release new and better ideas (enlightment) which results in economical growth and long term prosperity.
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