Whenever I get into discussions with strong supporters of capitalism, I find it very common for people pro-capitalism to defend the system by using examples which are simplistic reductions of the system itself. John is a baker, Jim is a butcher and Joe is candlestick maker and they all get to meet in the town square of their local village to set prices and negotiate the value of their own labor. Sounds great, right? What could be bad about a system like that right? Nothing really. Under those conditions and those assumptions, capitalism and free markets are one of the greatest things to happen to mankind. The problem is those conditions and assumptions no longer match reality in the age of technology and automation. John and Jim have had their bakeries and butcher shops put out of business by grocery stores and now work for them directly with the value…
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