RGacky3
22nd February 2012, 12:20
When a lot of people think of ghettos, slums, shanty towns and so on of outside of capitalism, not part of the system.
Here is when they are wrong, for every 1 person in a ghetto that is permanently unemployed you have downward pressure on wages, you have a huge pool of cheap potential labor which drives down wages. You also have a contual amount of money going into the prison industrial complex, a new industry nowerdays.
In the third world keeping desperate poverty allows multinationals to take resources for dead cheap, and have a continual source of sweatshop labor.
This stealing of resources, and cheap labor would not be able to exist without masses in slums and ghettos, excluded from the economy, yet still being used by the economy (indirectly or directly).
Here is when they are wrong, for every 1 person in a ghetto that is permanently unemployed you have downward pressure on wages, you have a huge pool of cheap potential labor which drives down wages. You also have a contual amount of money going into the prison industrial complex, a new industry nowerdays.
In the third world keeping desperate poverty allows multinationals to take resources for dead cheap, and have a continual source of sweatshop labor.
This stealing of resources, and cheap labor would not be able to exist without masses in slums and ghettos, excluded from the economy, yet still being used by the economy (indirectly or directly).