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by ryandrake
1307 days ago
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The minimum wage is a limit "set from outside" and most people (besides very strict idealist Libertarians) agree that it's a generally good idea. We might disagree on minor implementation nit-picks. I think it's a mistake to single out one single economic system: specifically unlimited, unrestrained free-market capitalism, and frame that system as the universe's base, "natural" system. Doing so conveniently lets you frame deviations from that system as "unnatural" or "autocratic". Unlimited free-market capitalism is not some natural, universal frame of reference--it is a deliberate choice made and enforced by governments/people, and that choice can be un-made by people. We mostly agree that a minimum wage that can change with political pressure is a good economic policy. Nothing but reasoning and political will prevents us from agreeing that a maximum wage, or maximum net worth, could be good economic policy. |
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In fact, even if you're arguing for a state's right to ban emmigration, that's just an additional difficulty to voting with one's feet. People still left East Germany despite it being illegal, because West Germany was outcompeting it in a truly unconstrained market of where people wanted to live.