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Cake day: June 6th, 2023

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  • Slave labor didn’t stop being integral element after the Civil War. It was scaled back, but it’s still both locally an integral element of the economies of many states (via prison labor, to say nothing of how under-the-table migrant dealings go) and via imperialism, etc. used abroad.

    I’m not attacking Smith. The “invisible hand” thing is silly and short-sighted, but his work more broadly was the foundation for Marx economically. I’m attacking capitalism as it has existed in history, where it has virtually always used slave labor as an integral element.







  • GarbageShootAlt2@lemmy.mltoMemes@lemmy.mlCapitalism
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    1 day ago

    https://en.wikipedia.org/wiki/War_profiteering

    The government isn’t something that exists above society, but is a facet of it. The MIC directly profits from wars, it pays politicians, politicians are motivated toward hawkish positions, the taxpayer is made to subsidize this. There are many other circuits discussed in the article, as concern the impact war has on the consumer market, how it’s used for imperialism, etc.

    Ultimately, wealth comes from labor, but the arrangement of war profiteering is extremely good at extracting wealth from labor in all sorts of ways.