The role of unemployment in capitalism
Posted by Phil Dickens on 25/11/2010 · 2 Comments
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 … Read more
Filed under Capitalism · Tagged with adam smith, Beyond Hypocrisy, Capitalism, casualisation of work, Conservative Nanny State, Dean Baker, economics, Edward Herman, Hugh Stretton, job security causing unemployment, Karl Marx, laissez-faire, Ludwig von Mises, Milton Friedman, NAIRU, Non-Accelerating Inflation Rate of Employment, Pierre-Joseph Proudhon, private feudalism, retail price index, trade unions, unemployment, wages
