Sorry, what? I don't follow how sound money would have stopped abusive labor practices.
And why would you ever work for a small company that isn't required to compensate you for your time?
Discussion
The only reason corporations exist and got as massive as they are now. example Walmart and Amazon is because they have the ability to borrow money, on a sound money system. example Bitcoin standard they won't have the ability to borrow. So it means they won't be able to exist globally and even won't be able to expand all over the country.
Big corporations have tons of money and are capable of paying more money but they don't want to. They want to maximize profits. The goal is to make it more expensive for them to function to the point where they have to close down. That will allow the people in the community to run the stores and Walmart won't exist.
At the beginning people will want to work for Walmart instead of a big corporation but it's only temporary as we force Walmart to close it's door from high labor.
It's up to the boss and employee to figure out their wages. The employee has power. I'm taking about small business not corporations. Corporations need regulations.
ok. While I don't disagree with what you want the end result to be, I think your path to get there ignores a lot of current day realities.
1. There are many reasons that large corporations exist today, some of it is borrowed money, some of it is market capture and non government intervention, leading to what are essentially monopolies.
2. The problem is that those corpos exist today, with near infinite money supplies and supply chains. Even if you increase the costs of them doing business, I don't see how a small business is going to compete. Let's face it, Amazon and Wal-Mart are so far ahead of the game, that the only way to break them up is direct government intervention.
I don't see how you can manipulate the market in any meaningful way to shut them down with increased labor costs. They frankly have enough money to cover that forever. You can't have a small business under pay employees and hope wal-mart eventually doesn't have the capacity to suck up the labor market.
3. Are you arguing for a removal of minimum wage for your last point? Employees and bosses should figure out wages - I agree - but this is only going to work in a vacuum (as of today). Because there is always the ability to ship in cheap labor from out of country, thanks to many legal and not legal venues.
Again, I think we're on the same page for an end goal - but the current market realities do not allow for this sort of utopian, everyone figures out what a job should fairly pay situation.
Yes the current market realities do not allow for this, this is why Trump is doing one thing at a time.
He can't just go and change everything right away because we are still on the fiat standard.
He is removing thing like tax on tips, overtime. The end goal is to remove the central bank and go on a full Bitcoin standard.
What he said in this note is to plant seeds in people's minds. We are headed into a libertarian world were it will be your responsibility to negotiate your wages and holidays with your boss. The government is no longer going to interfere with forcing companies to pay you a certain wages or tell you that you need to take vacation on Christmas.
Of course, this will all only work efficiently when we are on a Bitcoin standard, for now, it has to be done slowly. The switch from the fiat standard to Bitcoin standard.
I doubt that is where this ends up. I go back to my first response, we've tried having libertarian labor laws.
Long before the invention of huge mega corps; and it lead to company towns, worker exploitation, and unsafe work environments.
Yes, they have tried having libertarian labor laws and it didn't work because you need a sound money system. Without sound monetary system a libertarian society and laws won't work. This is something that many libertarians don't understand.
Long before the invention of huge mega corps we still didn't have sound money. Gold was never sound money.
Bitcoin for the first time in history of humanity is a sound money system. Now imagine trying to transform the world from fiat to Bitcoin.
It's coming and the Trump administration is pushing that transition.