Competition Quote by Ludwig von Mises
“Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.”
About This Quote
Source Book: Human Action, 1949
Free labor outcompetes servile labor, making the latter unprofitable and obsolete in a market economy.
In simple terms: Free labor makes servile labor disappear.
Key Takeaway
Promote free labor markets.
Themes
economics
labor
market theory
Mood
analytical
critical
Type
economical
theoretical
When to use this quote
- policy making
- business strategy
- historical analysis
Key Concepts
competition
productivity
capitalism
Questions to Reflect On
- How does free labor affect inequality?
- What safeguards protect workers?
A Different Perspective
Transition can cause social disruption.
