Iamdjchrys wrote:
And the solution to this is???
First of all Capitalism is failing and needs to be replaced with a new economic system that is not so rapacious, exploitive and not based on the master slave model.
Feudalism replaced Slavery as an economic system. Feudalism is a political and military system between a feudal aristocracy (a lord or liege) and his vassals. A master slave system. lordship and vassalage. Fuedalism evolved to Mercantilism and in the 18 century into Capitalism. This is system built on the exploitation and de-humanization of the worker in exchange for larger shareholder profits. A master/slave relationship coincides with today’s perilous employer/employee relationship. in practice and in reality, a capitalist system will almost indelibly contain inequality, and generally speaking lots of it. And from a wider perspective, this often includes exploitation which can be seen as a form of modern slavery.
The capitalist needs the worker. But the capitalist also dominates the worker. The capitalist decides whether the worker has a job or not. That’s an enormous power. The capitalist pays the worker, or not. The capitalist profits from the worker. The worker is dependent for income, for the work, for his/her position in the world, ability to feed their children. The dependence of the worker on the capitalist can appear to be one-sided, slavish in many respects and many workers have felt that. And indeed, the capitalist acts in a dominating way toward the employee all the time. Capitalists are forever trying to replace workers with machines to save having to pay the worker any wages by replacing the costly worker with a less costly computer or a less costly robot. The capitalist is always (in a way) threatening the worker by unemployment by having the worker replaced with a machine. Likewise, the worker is threatened by his/her employer because the employer has the power to relocate production. That capitalist, for example, can relocate to where wages are lower, or threaten your job by moving to China, India, or Brazil, or Mexico.
There’s another way the capitalist can threaten your job. If he chooses not to move the production to another country to catch the low wages there, he can bring the low wage people here and get away with paying them less money for the work that he would have had to pay a native-born person here. So capitalists are always threatening, squeezing, calculating, and conniving to save on labor costs which threaten the worker. The system compels capitalists to do that; they’re competing with other capitalists who are doing it, so they have to also. They depend on profits to stay in business and profits can be enhanced by automating the workers or relocating to lower wages.
But here comes now the other side that alerts us to look for. The more successful the employer is (replacing workers with machines, moving production out of the country), and the more the capitalist does, he is forced to confront his dependency as a capitalist on the workers. Because having cut the wages or removed the wages of workers, the workers lack the ability to buy. To buy what? To buy what the capitalist has to sell to stay in business. Here in lies what Hegel calls the contradiction: the two-way relationship of dependence. The worker depends on the capitalist to be sure like the slave depends on the master, but the reverse also holds, the capitalist depends on the workers, he depends on the workers to produce whatever it is he has to sell, but he also depends on workers to buy what it is he has to sell. And if they cannot, or if they do not, then the capitalist is as destroyed as the master would be destroyed if the slaves were unable or unwilling to work.
First of all the workers are the majority, the capitalists are the minority. As it was with masters and slaves and workers long ago who struggled to get universal suffrage, to be able to vote, make political leadership at least subject to one-person-one-vote. And that gives the masses the power through the vote to confront the masters, the employers, and workers use that power, who often choose someone for government that the employers were at best neutral about or very skeptical about. That’s what the workers in England did when they voted to leave the European Union. And that’s what many workers did in this country when they voted for Mr. Trump after the business establishment made it clear that they were at best of mixed minds about him.