JimBowie1958
Old Fogey
- Sep 25, 2011
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With all due respect, Jim..."peasants" did not operate in a free market! Neither did slaves nor indentured servants.
When free market capitalism reached Russia it stalled the ending of peasantry as there was then provided an economic reason to maintain it and use the peasants as cheap labor. BEsides, with the existance of slave labor and debt slavery in free market economies, what is so hard to bleieve about peasants being abused similarly?
And setting an absurdly high minimum wage is NOT going to keep the economy humming and vital! It will give us one heck of an inflationary jolt however.
Why is it absurd in your opinion?