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Liberalism n a nutshell (lemmy.ml)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 9 months ago (1 children)

They also have a direct material interest, because higher wages for workers would result in capitalists raising prices for everyone, so they would themselves become poorer, so they support the existence of the underclass to protect their own relative wellbeing.

[–] Timecircleline 2 points 9 months ago

I'm not disagreeing that that's what would happen, because the people at the top won't want to make less money but it's so disappointing.

Try to increase the buying power of those at the bottom and the greed at the top means that everyone below loses buying power.