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You can't have capitalism without capital. If capital sits only at the top it's feudalism, not capitalism.

Great post by nostr:nprofile1qyvhwumn8ghj76mwdaehgu3wdejh2arjd9hx2tnrdakszymhwden5te0d45hxumtv4ujuvp59eekjqpqk7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7sjlnx5t. Finally there's some interesting positions being posted on Nostr, not just the same Bitcoin memes.

#economy #politics #philosophy

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You can't have capitalism without cheap labour

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Discussion

CitizenPedro 3mo ago

Why not? As long as people can buy what they need and have quality of life, that labour can be cheap for someone. Or not?

Cheap labour drives cheap pricing and production. It's the most expensive input cost usually, cheaper you can get it, the bigger the margin.