The economist Gavin Wright's argument that these labor lords, they become landlords, right? Their wealth just shifts forms.
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Keri Leigh MerrittGUEST
56:16
And since they own all the land, they still control everything in a place.
K
Keri Leigh MerrittGUEST
56:22
And so if you control all the resources, you basically have a monopsony and you can control labor by choosing what to pay them.
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