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"There is no way of keeping profits up but by keeping wages down" (David Ricardo)
Date Submitted: 08/09/2001 07:59:34
Category: / Social Sciences / Politics
Length: 8 pages (2108 words)
Category: / Social Sciences / Politics
Length: 8 pages (2108 words)
There is no way of keeping profits up but by keeping wages down.
-- David Ricardo, On Protection to Agriculture (1820)
This essay seeks to go one step further in the context of David Ricardo's quote by arguing that totalitarian political systems offer a way of keeping profits up by keeping wages down and inversely, in a democratic system wages will have a tendency to rise and thus, profits will decline.
When looking at David Ricardo's …
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…Centre database.
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