Workers compete for jobs. Employers choose those who will accept the lowest wage.
As poorer nations entered the market, employers moved jobs en masse to those places. Workers do the same work on very low wages.
This created mass unemployment in the countries where capitalism began.
Without an income, individuals cannot buy what capitalists are selling. Workers in poor countries can’t afford the products of their labour - wages are too low.
Welfare programmes, although they were won by workers, create a consumer base in the countries left behind by industrial capitalists (they enable the unemployed to buy).
The market depends on the capitalist state. They appear antagonistic, but the capitalist state continually saves the market from extinction by its own hand (this is a ’bourgeois dictatorship’).
Maximisation of profit minimises disposable income. Therefore, a ‘free’ market is impossible, as is ‘anarcho-capitalism’ (also known as ‘right libertarianism’).
