Re: About that self-professed rational liberalism
"There is no economic gain to be derived by increasing the number of widgets produced. More widgets might not all sell. Their price might tank, and that will eat into profits. Maintaining the same production levels while cutting production costs to a minimum is guaranteed to increase profits."
Actually, there's a fatal flaw in this statement. It forgets to account for one key element: the consumers. In order to buy things, consumers need money, and that more often then now comes from employment. But if you shortchange workers, you end up with items out of their affordability range. IOW, you torpedo your own market. That's one reason henry Ford always paid generously: to make sure he had customers for his products.