Sunday, October 11, 2009

Did some Supreme Being cancel the Law of Supply and Demand?

It seems curious that the very people who are screaming the loudest to have open borders are the same people who are screaming about the inequities between Capital and Labor. Every “laborer” that crosses our border devalues labor that is already here and increases the inequity.

I’m not suggesting that open borders are good or bad, just that an unlimited labor supply has got to devalue the existing labor (per the law of supply and demand and the definition of value) and that is only good for Capital (and all who have it). Certainly the immigrants benefit also and just as certainly the immigrants who are already here and the Americans with zero skills do not benefit (at least immediately). If an economy requires a constant supply of zero skilled workers in order to expand, then so-be-it, but let’s not pretend that that expansion is being done any other way than on the backs of Labor (not that there is necessarily anything bad about that).

The Left needs to understand that unlimited workers crossing the border devalue the workers here and lower their wages (per the law of supply and demand).

So who has a solution to the Capital/Labor dichotomy? Isn’t the final result of the game we call Capitalism - One Guy Has All the Money?

Who benefits from the global competition between Capitalism and Socialism? The Bankers?

Isn’t there some dialogue possible between Capitalists and Socialists that doesn’t consist only of “ad hoc-post partum-sound bite zingers” .

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