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by ryandrake 1307 days ago
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.

1 comments

If people are free to leave their current polity, then governments still need to compete for people wanting to live within their domains and are subject to a free policy market. In other words, the political pressure and good economic policy you're referring to are contained within a free market, not the other way round.

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.