@OmSigDAVID,
You say it all: You are a full supported of Laissez Faire Capitalism... What this means is that you have bought the ideal of Capital without regard to the human wreckage...
So you see they have the moral right... And how do you determine morality in the light of an accepted ideal without regard to the human costs???
You call it bilateral freedom... Does it occur to you that people and situations can be manipulated??? And that much of hands off capitalism counts on just that fact; that when markets, even labor markets can be controlled, profits can be limitless??? We are all at a disadvantage... Let me give you an example...
In my father's generation it was taken for granted that a man supported his family and his wages reflected that fact... Now, it is taken for granted that every mother must also work, and a man's wages reflect that fact, so that two together now support their families no better than a man working years ago, with the disadvantage that televisions and strangers now raise our children.
And the labor market is flooded, and only government intervention can keep wages from reaching their ultimate low, what it takes to keep people alive... We clearly do not need so many people working, and no one can say it is healthy, which is to say, moral, for society to have all mother's working, and yet it is because wages are so low that no one suggests a 32 hour work week; and instead, because wages are a pittance, people are often regularly pushed beyond 40 hours until they are burned right out and trashed to make way for others...
It is not good nor moral for business and commerce to determine every aspect of social life... The universal effort is to keep wages low, and the universal result is the destruction of the market so that foreign markets and wars to have them must result... Where is the morality??? If business could be governed, it would still be possible to have advancement and individualism... No depression would have such terrible results if people had some of their own wealth, if the economy had some depth... Now it is a mile wide and an inch deep, and the least wind reveals the bottom...
We, with our hands off capitalism, are like the South before the civil war... All the wealth created by slavery was drained out of that society by those, primarily in New York, who controlled the markets and capital... It was the need to replace the slaves killed by slavery that set their price, and the price of cotton they were depreciated like robots are today... The profit was drained off, again by those in control of capital and markets just as it is today, and when it came to growth in the South, there was none... We are not growing in production and we are failing as a market because we have no wealth and have no income and must resort to credit for everything... The less well governed is the economy the sooner the rich will end up with all, even consuming the petty capitalist in your so called free market...
