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by lochlan 3798 days ago
Just because an agreement is consensual does not mean that there is no power differential. One party will almost always have some greater leverage over another. When the power differential is too great for consent to lead to a mutually-beneficial arrangement, regulation may be required.
1 comments

Power differentials are irrelevant. Suggestions otherwise are unscientific Marxist hocus pocus that leads to destructive laws being instated.

If I offer a worker in Indonesia $2 a day to work for me, they are perfectly capable of deciding whether it's in their interest to take the offer. The power differential is as irrelevant as the one between Microsoft and me when Microsoft, with its $100 billion capitalization, offers me a product and I decide whether I want to trade my limited capital for it.