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Reply #4: Has there ever been a capitalist system that intentionally lowered wages [View All]

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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-29-06 05:52 PM
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4. Has there ever been a capitalist system that intentionally lowered wages
other than this globalizing free-market monster?

The driving force of 'going south,' off-shoring, and the general glorification of globalization seems to be higher profits thru lower wages and benefits for developed countries.

Now, I accept that as a predictable outcome of capitalists' desire to "externalize" costs, but I wonder has any capitalist system ever intentionally set about to create an economic system that reduces the standard of living of the workers of the nation that spawned it?

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