Quote Originally Posted by rong View Post
As far as I can see, the main thing people dislike about capitalism and free markets is the fact that some people will be forced into low wage jobs and that wage will be barely enough to survive and certainly not enough to live a pleasant life by modern western standards. By allowing the competition of labour to reduce its value to the bare minimum, the fact that corporations have huge incentive to ensure this happens, and the imbalance of power between individual supplier of labour and corporation, some people will get stuck here and will probably have little way of getting out of it.

But perhaps it's just a fact of life that some people are too stupid or lazy to deserve any better.

Interesting that lots of evidence points to the fact that min wage increases have little to no effect on employment though.

So it could be argued that it's nothing more than a preference. We could pay people more via min wage laws and reduce poverty with very little negative effect. Or we say tough, you eat what you kill, get on with it.
Yup, every successful model of capitalism splashes in some socialism somewhere to prevent stuff like this.