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What a benevolent lord!
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this post was submitted on 19 Mar 2024
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Most people wouldn't labor 40+ hours a week for the wages they are getting if they had alternative methods of obtaining food, healthcare, and housing. There is no real-world "free exchange." You have to deliberately ignore the coercive part to pretend it doesn't exist, because it is obvious. People need to participate in the economy to survive.
I agree it is coercive, but not because of a need for food or shelter. That need is the natural state of humanity, there is no one imposing that need on you. There is no one coercing. But I absolutely agree there are plenty of other coercive factors.
Would you accept if I say "exploitative" instead of "coercive?" I just think for the economic model to price things efficiently, inelastic goods like being alive need to be external to the model. I disagree with describing what we have as a willing exchange.
There definitely can be exploitative factors, just like coercive factors, and housing for example to an extent is exploitative, as in exploited by politicians. But I don't think food sales are really exploitative.