>No capitalist would ever agree to the complete abolition of unemployment, to the abolition of the reserve army of unemployed, the purpose of which is to bring pressure on the labour market, to ensure a supply of cheap labour.
Marx and Adam Smith both highlighted this fundamental characteristic of capitalism, but it still rarely fails to blow Americans’ minds when I explain it to them.
Marx and Adam Smith both highlighted this fundamental characteristic of capitalism, but it still rarely fails to blow Americans’ minds when I explain it to them.