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Thomas Hazlewood's avatar

Let's pretend that Nike stops making all its sneakers. All those workers, who are underpaid by WESTERN standards, will they be poorer, or ecstatic that the 'evil corporation' no longer exploits their labor? They do the work because it's the best they can find and it feeds them, and without it they'll be back to picking rags from landfills.

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Paul Schmidt's avatar

“…billionaires are the cost of the people being fed”

You’ had me until here. In a free market, billionaires are not a cost, they’re a benefit, providing jobs and investments both directly and indirectly.

(I grant you they may not be a benefit if what they invest in are politicians.)

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