> Capitalism will make people stop working and be less productive? If anything we worry about the opposite problem.
Well, unemployment is kind of a requirement of capitalism. You can't have the labor force calling the shots, it eats into profits. From the article:
> There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists.
He's being generous here, it's not just that an "army of the unemployed" almost always exists, it's a goal. Captains of industry in the current low-unemployment environment have been saying the quiet part out loud, that we need to increase unemployment. There's generally a target of 5% unemployment, which means capitalism has built-in waste.
Well, unemployment is kind of a requirement of capitalism. You can't have the labor force calling the shots, it eats into profits. From the article:
> There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists.
He's being generous here, it's not just that an "army of the unemployed" almost always exists, it's a goal. Captains of industry in the current low-unemployment environment have been saying the quiet part out loud, that we need to increase unemployment. There's generally a target of 5% unemployment, which means capitalism has built-in waste.