Economy for a new World Order - Giuseppe Robiati
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Page 50 of  101

The markets of goods, of machined products, of agricultural products, transportation and raw materials as they function today, through the stock exchange, allow for incredible inequalities damaging the many and being advantageous to the few. Besides, the continuous sudden changes of the prices of primary goods of first necessity that go up and down in a world where 75 percent of its people suffers from malnutrition, creates motivation for social rebellion and massive speculation for profit on the part of those few opulent persons. (50:1)

A renewed world legislation can also avoid serious speculation going on in the labor market, where labor is considered on the same level as goods. (50:2)

If we reflect on the nature of labor as goods, we notice that what the worker offers as exchange goods is his professional capacity and the buyer, once he possesses it, uses it as he thinks best, as he would do with any other goods he buys. (50:3)

Professional capacity, as exchange goods sold on the market and therefore, put at the buyer's disposal for a certain period of time, is called labor force; its price, that therefore has a necessary temporal dimension, is called salary. (50:4)

Today even these "goods" are regulated by the law of supply and demand and it means that the labor market decreases its price when there is a lot of supply. (50:5)

An immediate speculation is thereby created where entrepreneurs look for manpower in those countries where there is a lot of offer and therefore low prices. For example a European entrepreneur that acquires a order in Libya, instead of using European manpower at high cost, looks for the same kind of manpower in China or in a similar country where, as there is a large supply of manpower, the prices are low. (50:6)

This allows the entrepreneur to obtain more profits; at the same time we can highlight two consequences: on the one hand, there is speculation on men of very low income, and on the other hand the non-use of European labor that creates still more unemployment. It seems clear this scourge can be eradicated only through a new international legislation that regulates, among other things, this relationship in terms of equity of salaries and worker safety. (50:7)

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