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Perhaps Marx should have read his Hodgskin more closely, and those who would legislate the level of wages today should read him for the first time. (I’ve also written about Hodgskin here and here.) So-called progressives who look to the state to set wages do a disservice to those who fare worst in the corporate state, because while progressives work on behalf of measures that must price marginal workers out of the market, truly radical reforms are overlooked.
Rather than empowering our rulers further, let’s empower individuals by freeing the market.
”— Sheldon Richman, The State is No Friend of the Worker (via c4ss)