Reply #6: No, it is feudalist [View All]

[DuctapeFatwa]

Capitalism not only encourages and rewards competition and individual entrepreneurship, but contains principles of incentives for labor to work harder, and thus increase the profits of management.

The idea is that workers will work harder in order for the company in order to obtain more benefits, e.g., pay, for themselves.

Now that the price of a day's labor is below the cost of a day's survival, and working harder for the company no longer produces more pay, the incentive principles of capital are now removed, and the worker works as a serf, not in the hope that he will earn enough for survival, but that the lord will spare his life.