Monday, January 7, 2013

Why doesn't capitalism exploit worker?

Karl Marx believe capitalism would cause the "labor theory of value" which basically mean the rich would exploit the work force. Although probable sounding it has a few loop holes.  First of all the mutual want to exploit laborers causes competition between employers. The competition the employers make them pay the workers more and more until they finally reach close to the value of their work.  Second capitalism is based on a free market so exchanging of goods and services are all ways voluntary, so exchanges are all way mutually beneficial. Every one always has the ability to say no to a trade, so if some one gave them a deal that they didn't benefit they aren't forced to take it.

I find this video credible because the man that man it is a well educated person with a PhD from the University of San Diego. The video is on YouTube and it is called "Does Capitalism Exploit Workers?"
https://www.youtube.com/watch?v=4Ttbj6LAu0A

http://l3.yimg.com/bt/api/res/1.2/SXAfTPli9JA802fOFtlmGg--/YXBwaWQ9eW5ld3M7Y2g9MjEyOTtjcj0xO2N3PTM1MDA7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTM4NDtxPTg1O3c9NjMw/http://media.zenfs.com/en_us/News/Reuters/2012-12-12T000322Z_234404976_GM1E8CC0LUR01_RTRMADP_3_USA-UNIONS-MICHIGAN.JPG

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