Re:Adam Smith and Inequality (2014)
by Ericson2314 on Sunday September 12, 2021 @07:37PM
(#28506178)
Capitalism already fails to exist without leverage and with a fixed supply of money. The equilibrium you speak of is already fiction.
There is no steady state in which a worker can be paid more than the value he creates. As long as that state continues, value is being destroyed, and whoever is paying the worker will ultimately run out of willingness or, failing that, ability to pay.