Government Exploitation

In light of the ridiculous statements Obama has been making about the nature of success in this country, which I covered in my previous post, I thought I would share this video by Matt Zwonlinski, PhD on the subject of whether capitalism exploits workers.  He gives a very well reasoned and succinct coverage of the topic.

Dr. Zwonlinski concludes that while capitalists want to exploit workers, they can't very well in a free market society because of the competition for good labor.  Interaction between business and labor is voluntary and mutually agreed on.  Government, however, has the coercive power to exploit the ordinary citizens.  It is, in fact Government that poses the most danger of exploitation...and, therefore, danger to our liberty.

“The accumulation of all powers legislative, executive and judiciary in the same hands, whether of one, a few or many, and whether hereditary, self appointed, or elective, may justly be pronounced the very definition of tyranny.” – James Madison; Federalist No. 47.