The role of unemployment in capitalism

Unemployment in Britain currently stands at roughly two and a half million. This is not far from the three million mark of the Thatcher era, which became a watermark for social discontent. With public sector job losses – and the private sector fallout – expected to claim another million people, it is unsurprising that people … Continue reading

Why the “free” market isn’t free

For as long as the ideology has existed, proponents of capitalism have invoked the “free market” in defence of their ideas. To use the definition of “anarcho”-capitalist Murray Rothbard, a “free market” is one in which the “array of exchanges that take place in society” are “undertaken as a voluntary agreement between two people or … Continue reading

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