The Preposterous Belief That “Wage Slavery” Has Anything to Do with Slavery

This “wage slavery” argument is very convincing. It is potent because all human beings already accept that every one of us is, indeed, compelled to work (in one sense of the word) until one has enough wealth. The “thing” that compels people to work, is reality. No one, not even the richest man, can escape the fact that, if one just consumes and consumes resources without doing anything productive, one will eventually starve and die. This circumstance of reality applies to everyone.

The Five Institutions of the Market Economy

Let us see what the basic institutions of the market economy are. We may subdivide them for convenience of discussion into (1) private property, (2) free markets, (3) competition, (4) division and combination of labor, and (5) social cooperation. As we shall see, these are not separate institutions. They are mutually dependent: each implies the other, and makes it possible.

David Hume, Spooner Quote #19, Context

Send him mail. “Finding the Challenges” is an original column appearing every other Wednesday at Everything-Voluntary.com, by Verbal Vol. Verbal is a software engineer, college professor, corporate information officer, life long student, farmer, libertarian, literarian, student of computer science and self-ordering phenomena. Archived columns can be found here. FTC-only RSS feed available here. Every day…