we've got crooks holding us down, we've had crooks holding us down. why are you still harking on marx (who'd not heed bakunin), when you berate those stuck on adam smith? come along with buckminster fuller. we've got crooks holding us down, we've had crooks holding us down. when 1 in 10,000 of us can innovate to care for all else, why pin all value on the labour and make everything harder and slaves of us all? come along with buckminster fuller. we've got spooks holding us down, we've had spooks holding us down. the youth of yesterdays and today are still right to reject the spurious notion we each have towork and toil to earn our right to life. 1 in 10,000. we've got crooks holding us down, we've had crooks holding us down. when we rise to say "we're not doing that anymore", we may reframe all our petty chores. when we see to educate ourselves and re-remember we may educate others, we may reframe all our petty chores. yet you may be listening from while still we've got crooks holding us down, while still we had crooks holding us down, reeling in suffering ignoramy or agony of knowing. join me in the agony of knowing, they know not what they do. we've got crooks holding us down, we've had crooks holding us down. no emancipation from hanging your worth on your toil. you are worth inately, to be and experience, to bare witness, to feel, and care, to be aware, to dare to dare, to be free and loving.

#pointsouttheinsanityofitall #adamsmith #marxism ##marx #bakunin #economics #buckminsterfuller #innovate #value #crooks #spooks #harder #slaves #theyouthoftoday #rise #listening #reremember #educate #emancipation #emancipationtechnology #cathartic #yearning #thinkwise #10000 #1in10000 #youth #holding #chores #pettychores #ignorance #bliss #agony #knowing #ifignoranceisblissgivemeagony #educateothers #toil #worth #free #inately #be #experience #witness #feel #care #aware #loving #dare :)

#digitspoems #digitslyrics #crif

Comprendre le #Libéralisme - Partie 1 - #AdamSmith, La #richesse des #Nations

https://www.youtube.com/watch?v=PXbjgEt6u-Y

Online hobbies pursued for fun and profit ... well, just fun: arguing with people who've not read Adam Smith

Person 1: If you believe [Smith], what does that mean for labor?

Homo economicus illiteratus: It means you are fairly compensated for your work and you pay fair prices for the product of other people's work.

Space Alien Cat: He might disagree: "in a country where the funds destined for the maintenance of labour were sensibly decaying....[m]any would not be able to find employment even upon these hard terms, but would either starve, or be driven to seek a subsistence either by begging, or by the perpetration perhaps of the greatest enormities. Want, famine, and mortality would immediately prevail in that class, and from thence extend themselves to all the superior classes...."

... and so forth.

#economics #livingWage #AdamSmith #WealthOfNations

https://news.ycombinator.com/item?id=19323126

Adam Smith on living wage, national wealth, growth, and decline

I've previously quoted Smith on wages, in the context of why allowing below-subsistence pay is effectively a welfare subsidy to businesses which are either otherwise non-competitive or which can extract profit due to their political leverage.

He has a number of additional words (as he typically does) on the subject which are quite revealing on the nature of national economic vitality, size, and decline. Recall that Smith was published in 1776. His words remain highly relevant.

I've found particularly interesting Adam Smith's own commentary on what a minimum wage ought to be in Wealth of Nations, a book as David Brin has been saying for quite some time, far more liberals, and conservatives, should actually read. Everyone else as well...

Continued at the dreddit

#economics #minimumwage #livingwage #adamsmith

Thoughts on minimum wage, enterprise viability, welfare burden, and, of course, the end of the world as we know it

In a discussion on the merits of minimum-wage laws, I was asked to clarify what specifically my main points in a rather prolonged thread were, in particular my repeated invocation of Adam Smith's discussions of the wages of labor in Book I, Chapter VIII of The Wealth of Nations.

My starting point was this passage from Smith:

A man must always live by his work, and his wages must at least be sufficient to maintain him....

Continued at the dreddit.

#minimumwage #adamsmith #econonomics #collapse #limitstogrowth #peakoil #economics