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Friday, December 14, 2018

BBC GLOBAL TRADE IF THE FACTORY CLOSES WHAT COULD I AFFORD TO EAT?

Answer: Some other out of work human.

Even sex slaves or labor slaves, much less factory workers, have to have some patrons who can pay them barely enough just to eat and work. 

In many places in the world, there aren't enough even of such patrons....

Supply and demand.
Market forces.
Iron laws. 
Gross excess capacity. 
Obsolescence.
Environmental degradation.
War and unrest. 
Convergence.

This post is dedicated to Thomas Piketty, who worries mainly about how much richer the top .1% are than wealthy workers in the West.

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