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Cake day: August 8th, 2023

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  • droans@midwest.socialtoPolitical Memes@lemmy.world•This is fine
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    1 year ago

    Adam Smith, the father of capitalism, was pretty clear that a free market still needs protection.

    A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation…

    Every species of animals naturally multiplies in proportion to the means of their subsistence, and no species can ever multiply beyond it. But in civilised society it is only among the inferior ranks of people that the scantiness of subsistence can set limits to the further multiplication of the human species; and it can do so in no other way than by destroying a great part of the children which their fruitful marriages produce.

    The liberal reward of labour, by enabling them to provide better for their children, and consequently to bring up a greater number, naturally tends to widen and extend those limits. It deserves to be remarked, too, that it necessarily does this as nearly as possible in the proportion which the demand for labour requires. If this demand is continually increasing, the reward of labour must necessarily encourage in such a manner the marriage and multiplication of labourers, as may enable them to supply that continually increasing demand by a continually increasing population.



  • Even Adam Smith was pretty clear what happens when capitalism is unregulated:

    We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labour above their actual rate. To violate this combination is everywhere a most unpopular action, and a sort of reproach to a master among his neighbours and equals. We seldom, indeed, hear of this combination, because it is the usual, and one may say, the natural state of things, which nobody ever hears of…

    The liberal reward of labour, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the labouring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they are going fast backwards.


  • If this wasn’t posted by the White House account, I’d definitely believe it was posted by someone against the deportations.

    It’s an innocent looking woman bawling her eyes out while being arrested. Why would they think this would help their anti-immigration cause?

    I mean, I actually know why. Because that’s what the conservatives want. They know innocent people are being arrested and denied due process. It’s not that they don’t care - they actively want it.

    Go look at /r/conservative on Reddit. These people are cheering Rubio on after he announced that visaholders are being deported due to something they said or protested with no evidence being offered. And I’m not joking or exaggerating.


  • Man, don’t you know? The law ain’t made to help earthy cats like us. Here on our planet, back in the old days – back in the real old days – it was just every man for himself, scrooblin’ and scrat-scrotlin’ for the good stuff, the greenest valleys and scrat-scroblin’. And the strongest, meanest men got the best stuff. They got the green valleys and were like “The rest of you, y’all scrats get sand.” And that’s when they made the laws, you see. Once the strong guys got it how they liked it, they said “This is fair now. This is the law.” Once they were winning, they changed the rules up.