Tuesday, March 15, 2011

The Wondrous Hand of the Market

Taxes, when they must exist, should be low, and rich and poor should be taxed at the same flat rate. Corporations should be free to sell their products anywhere in the world, and governments should make no effort to protect local industries or local ownership. All prices, including the price of labor, should be determined by the market. There should be no minimum wage.
~ continued explanation of Milton Friedman's theory of capitalism from The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein ~
Hey, if the conservatives succeed at crippling the unions, don't be shocked when they go after the minimum wage next! It's all part of the master plan.

This brief series of posts began with this one.

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