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To: StatesEnemy
Actually the Corporatistas hate the laws of economics that call for an equilibrium in wages vs profits.

There is no such "equlibrium". There is no such law of economics.

54 posted on 02/18/2004 5:48:58 AM PST by Taliesan
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To: Taliesan
There is no such "equlibrium". There is no such law of economics.

Bullshyt there isn't!

In order to produce goods in any quantity, there must be proportionately sufficient available buyers with economic capacity to buy those goods. That means that the laboring force in industries must be paid wages sufficient to buy most of what they produce, or something comparable, in order for those industries to survive. As a practical matter, any industrialized market economy run with poorly paid workers will collapse or stagnate for lack of a market for the goods it produces. Mass production requires mass market requires mass decent wages.
Learn something.
63 posted on 02/18/2004 5:53:09 AM PST by StatesEnemy
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To: Taliesan
>>Actually the Corporatistas hate the laws of economics that call for an equilibrium in wages vs profits.

>There is no such "equlibrium". There is no such law of economics.

Well, there is one of a sort. With free competition, profits will tend to be driven down to the natural time preference for money (i.e., about what you could get at the bank for equivalent money invested).

471 posted on 02/18/2004 5:54:10 PM PST by Erasmus
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