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Exploitation of labour: Difference between revisions

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In terms of ridding exploitation, the standard liberal view holds that a regime of ''laissez-faire'' is a necessary condition. Natural rights thinkers [[Henry George]] and [[Herbert Spencer]] reject this view and claim that property rights belong to everyone, i.e., that all land to be valid must belong to everyone. Their argument aims to show that traditional liberalism is mistaken in holding that nonintervention in commerce is the key to non-exploitation and they argue it is necessary, but not sufficient.
 
The [[classical liberal]] Adam Smith described the exploitation of labour by businessmen, who work together to extract as much wealth as possible out of their workers, thuslythus:<blockquote>What are the common wages of labour, depends everywhere upon the contract usually made between those two parties, whose interests are by no means the same. The workmen desire to get as much, the masters to give as little as possible. The former are disposed to combine in order to raise, the latter in order to lower the wages of labour.<ref>Adam Smith. [https://www.marxists.org/reference/archive/smith-adam/works/wealth-of-nations/book01/ch08.htm ''The Wealth of Nations'', Book I, Chapter 8]. [[Marxists Internet Archive]].</ref></blockquote>
 
=== Neoclassical notions ===