Capitalists Only Respond to Threats(ianwelsh.net)
ianwelsh.net
Capitalists Only Respond to Threats
https://www.ianwelsh.net/capitalists-only-respond-to-threats/
4 comments
They have to be aware that they are being threatened. They have become very good at perceiving only what they want to perceive.
"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.
A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies. It connects individuals who might never otherwise be known to one another, and gives every man of the trade a direction where to find every other man of it.
A regulation which enables those of the same trade to tax themselves in order to provide for their poor, their sick, their widows and orphans, by giving them a common interest to manage, renders such assemblies necessary. An incorporation not only renders them necessary, but makes the act of the majority binding upon the whole..."
Wealth of Nations, Book 1, Chapter X
Capitalists only truly respond to: compounding.
A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies. It connects individuals who might never otherwise be known to one another, and gives every man of the trade a direction where to find every other man of it.
A regulation which enables those of the same trade to tax themselves in order to provide for their poor, their sick, their widows and orphans, by giving them a common interest to manage, renders such assemblies necessary. An incorporation not only renders them necessary, but makes the act of the majority binding upon the whole..."
Wealth of Nations, Book 1, Chapter X
Capitalists only truly respond to: compounding.
It's brilliant, we don't actually need to go full communism, we just need to threaten it, and things will improve for the average person!
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