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The regulation of the buying and selling of labor within a market economy potentially creates an environment conducive to both buyers and sellers realizing a
The regulation of the buying and selling of labor within a market economy potentially creates an environment conducive to both buyers and sellers realizing a mutually advantageous exchange vs. the acts of desperation so common in unregulated markets. The very existence of slavery, child labor, prostitution and class warfare attest time and again throughout the history of capitalism what an abysmal job free/unregulated markets bound by market forces such as supply and demand do to mitigate hidden cost while balancing risk. Consider the nature of unmitigated free markets where individuals are permitted to buy and sell labor for whatever price market conditions permit. Do you feel labor laws are a civilized means to regulate the buying and selling of labor? Example: Slavery, Child Labor, Working Conditions etc. Many Americans feel that one of their most precious freedoms is the right and ability to pursue their own economic self-interest. When do you think the pursuit of ones economic self-interest should become the subject of government regulation? Defend your
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