Because all I hear is that the Big 3 needs to renegotiating contracts with unions that will lower wages and benefits. So does capitalism means sacrificing working people?Why do true capitalism mean negotiating wages downward rather than upward?
no, the people were taking advantage, its basically power in numbers bargaining. Capitalism means a competitive market based on the free exchange of goods and services and perfect capitalism would not have gov. interference. It is about making money, either as labor, owners of production or owners of those particular labor services
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