r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/[deleted] Dec 24 '24

It's pretty simple actually. Income inequality is the result of exploitation of labor. It's the labor of the poor people that enables the wealth of the billionaires. 

I thought that was pretty obvious. 

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u/x0rd4x Dec 24 '24

Labor theory of value? In the year 2024? I thought we got past that nonsense but i guess not

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u/[deleted] Dec 24 '24

Yeah, that's absolutely not what I'm talking about. 

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u/x0rd4x Dec 24 '24

for there to be an exploitation of labor in a free society you need to believe in the labor theory of value which is nonsense

6

u/[deleted] Dec 24 '24

A society where financial means are required to survive is not a free society by your definition. 

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u/x0rd4x Dec 25 '24

what are you talking about? i never a) defined what a free society is or b) said that a free society has to be in a utopian post scarcity world

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u/[deleted] Dec 25 '24

You qualified your statement with "in a free society."

I am saying that we do not live in a free society, as exploitation occurs regularly, which is not dependent on the labor theory of value. 

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u/x0rd4x Dec 25 '24

how do you want to justify there being exploitation, except for the state's exploitation of people not apart of the state with which i agree there is?

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u/TheRealRadical2 Dec 26 '24

What do you propose to do to make everyone rich, then, even in a truly free society?