Re: poor underpaid CEOs
On Dec 14, 2006, at 11:10 AM, Jerry Monaco wrote:
1) Is it always inefficient?
I never say always (though I suppose I should never say never
either), but it mostly is. Isn’t there a footnote in K v 1 where Marx
wrote about how planters wouldn’t have slaves work with anything but
the crudest equipment because of the risk they’d sabotage it?
3) A modest proposal: Treat the labor power and bodies of people as
a “bundle of property rights” and then you can contract for the
future use and/or destruction of their eyes, kidneys, livers,
hearts, lungs, etc. and get rid of them when they are useless.
What a great way to treat the prison population or not have to
worry about the health of a mine worker.
Speaking of prisons, that’s another example of the superiority of
“free” labor: despite the leftist cliche, the use of convict labor
hasn’t really taken off because the workers just aren’t motivated or
productive enough. The “free” worker is always afraid of ending up on
the sidewalk, but when you ain’t got nothin’ you got nothin’ to lose.
Doug