RE: Concentration of Wealth and Power Under Capitalism

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Concentration of Wealth and Power Under Capitalism

in economics •  7 years ago 

"This is a profound misunderstanding of what the free market is about. Profit is the difference between how much it costs to create a service or product compared with how much someone is willing to pay for it.

Who is being exploited if you make or buy something and sell it to someone who is willing to pay a certain price?"

The worker who is forced to make it or starve.

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