Quote:
Originally Posted by flere-imsaho
Why would capitalism fix that? A central tenet of capitalism is the market pricing of wage labor. Yes, capitalism can create innovation and with it higher-paying jobs, but that doesn't necessarily trickle-down to labor mobility (people moving en masse from lower-paid to higher-paid jobs) or any across-the-board rise of wages.
The other way capitalism might enrich people living paycheck to paycheck would be through their ownership of stock (e.g. "means of production") but most people who live paycheck to paycheck don't own stock.
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Simply that it's pricing based on supply and demand. Total free market capitalists don't want high gas prices. They don't want to deal with what the results of supply and demand actually mean. They want cheap gas, whatever it takes to achieve that. So pointing out that with higher prices, they are actually getting what they want. Prices rise with lower supply and strong demand. Isn't that what they want? That's the point I was trying to make. Sorry if it was unclear.