Comments on: The Dialectics of Wage Slavery: Further Developed http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/ Philosophical Anarchism, Free Market Economics, and Cultural Bohemianism Fri, 05 Dec 2008 14:05:38 +0000 http://wordpress.org/?v=2.6.5 By: Kevin Carson http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-6015 Kevin Carson Tue, 18 Sep 2007 18:56:23 +0000 http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-6015 Thanks for the link, Nick. As Mike says, in a free market regime there is likely to be a major shift from profit on capital as such, to entrepreneurial profit based on risk and on superior power power to anticipate demand. And without entry barriers to enable someone to draw rents off of a single innovation indefinitely, the only way to keep getting rich is to keep innovating. Thanks for the link, Nick. As Mike says, in a free market regime there is likely to be a major shift from profit on capital as such, to entrepreneurial profit based on risk and on superior power power to anticipate demand. And without entry barriers to enable someone to draw rents off of a single innovation indefinitely, the only way to keep getting rich is to keep innovating.

]]> By: Mike http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-5716 Mike Mon, 10 Sep 2007 13:01:46 +0000 http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-5716 Great post Nick. I think the point should be made that even under Anarchy, some interest on capital will be high, but this will be due to risk, not the money monopoly you describe. I think part of the solution is a self-organized, micro-loan, micro-payment cooperative banks, like the <a href="http://redjenny.blogspot.com/2007/09/uganda-women-start-own-bank-building-on.html" rel="nofollow">women of Uganda have done</a>. This seems like agorism in practice. Mike Park from LL2 Great post Nick. I think the point should be made that even under Anarchy, some interest on capital will be high, but this will be due to risk, not the money monopoly you describe.

I think part of the solution is a self-organized, micro-loan, micro-payment cooperative banks, like the women of Uganda have done. This seems like agorism in practice.

Mike Park from LL2

]]> By: David Houser http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-5703 David Houser Mon, 10 Sep 2007 07:12:20 +0000 http://www.lifeloveandliberty.com/2007/09/10/the-dialectics-of-wage-slavery-further-developed/#comment-5703 Great post Nick. Have you read Shwarz's What Is Mutualism? The section on money has gotten me thinking more and more how absolutely ridiculous it is that we're all forced into accepting a debt-ridden currency as something of value. And meanwhile paying interest, either directly in the case of loans, or indirectly within the price of things produced by people who've taken the loans, so that others can profit by spreading around more debt. I don't think the term wage slavery is far off, but between the interest paid to a very small group of people and taxes it certainly seems like we're all in a plantation economy. Great post Nick.

Have you read Shwarz’s What Is Mutualism? The section on money has gotten me thinking more and more how absolutely ridiculous it is that we’re all forced into accepting a debt-ridden currency as something of value. And meanwhile paying interest, either directly in the case of loans, or indirectly within the price of things produced by people who’ve taken the loans, so that others can profit by spreading around more debt. I don’t think the term wage slavery is far off, but between the interest paid to a very small group of people and taxes it certainly seems like we’re all in a plantation economy.

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