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Think about it. Those who oppose the minimum wage want to democratize wages so that existing earners will have to give up a premium. Isn't that redistribution of wages? I thought redistribution was socialist. This kinda shows you how ideologies have the same objective but by different means.
Last edited by knowledgeiskey; 02-01-2015 at 02:25 PM..
I know the term 'Marxism' gets tossed around to mean all sorts of things, but in a Marxist economy, the means of production would not be in private hands. Minimum wage law has nothing to do with Marxism.
Socialism is such a loaded word. It's as broad and unspecific as words like 'secular' or 'spiritual.' It means next to nothing.
The original term 'socialist' was basically a political philanthropist; fought for basic human rights, like not being as extremely high risks of losing an arm at work. Marxists have adopted the word, as they believe Communist theory is what's best for the average worker, making the term socialist accurate in this regard IF communism is in fact best (which is debatable).
Wealth redistribution is a Marxist concept. Marxism owned it first, they commandeered the word socialist, and now the terms are one in the same.
Either way, minimum wage is socialist, but that's not necessarily a bad thing. Socialism has been made a dirty word by those who oppose Marxism. It's not. Authoritarianism is what we should fear.
But ending minimum wage is not socialist, by either definition you use.
Socialism is such a loaded word. It's as broad and unspecific as words like 'secular' or 'spiritual.' It means next to nothing.
The original term 'socialist' was basically a political philanthropist; fought for basic human rights, like not being as extremely high risks of losing an arm at work. Marxists have adopted the word, as they believe Communist theory is what's best for the average worker, making the term socialist accurate in this regard IF communism is in fact best (which is debatable).
Wealth redistribution is a Marxist concept. Marxism owned it first, they commandeered the word socialist, and now the terms are one in the same.
Either way, minimum wage is socialist, but that's not necessarily a bad thing. Socialism has been made a dirty word by those who oppose Marxism. It's not. Authoritarianism is what we should fear.
But ending minimum wage is not socialist, by either definition you use.
Agreed. I've never understood why people shy away from using 'authoritarianism' to describe their thoughts. Communism, Marxism, socialism, and now, fascism are each used as direct synonyms for authoritarianism, which they are not.
Think about it. Those who oppose the minimum wage want to democratize wages so that existing earners will have to give up a premium. Isn't that redistribution of wages? I thought redistribution was socialist. This kinda shows you how ideologies have the same objective but by different means.
Agreed. I've never understood why people shy away from using 'authoritarianism' to describe their thoughts. Communism, Marxism, socialism, and now, fascism are each used as direct synonyms for authoritarianism, which they are not.
I think this comes from people's lack of understanding of these terms. Everything most people know about these ideological systems comes from the media which serves their own political agenda. For that reason, socialism and communism are associated with Stalin, fascism associated with Hitler, and capitalism never with Saddam Hussein.
Think about it. Those who oppose the minimum wage want to democratize wages so that existing earners will have to give up a premium. Isn't that redistribution of wages? I thought redistribution was socialist. This kinda shows you how ideologies have the same objective but by different means.
What does it even mean to 'democratize wages?' If anything minimum wage laws are a democratization of wages, since wage rates for low-skill workers are now a function of a vote by the Congress.
As Roadking says, you have it exactly backwards.
Secondly standard supply-demand analysis would show that minimum wage results in a redistribution from poor to rich/middle class, due to job loss. It is basic algebra--after the minimum wage is imposed, the poor end up with a smaller piece of the pie.
Finally socialism means gov't ownership of the means of production, and thus has no direct bearing on either redistributionism or minimum wage laws. Redistributionism is actually more quasi-communism (elimination of private property) than it is socialist.
When government redistributes wealth it is a move toward socialism. When government relinquishes control of wealth it is a move toward a free market. pretty simple.
When government redistributes wealth it is a move toward socialism. When government relinquishes control of wealth it is a move toward a free market. pretty simple.
The labor market cannot be truly free until the housing market is free, because wage slaves would not be on a level playing field with Subsidy Kids.
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