No, the song
Monkey & Bear by Joanna Newsom, which isn't about politics at all, but could be if you looked at it right. To address the topic, I'm saying that you're offering a vision of exactly the same thing (wage labour) only this time it's good. Why not no wage labour, never mind a high minimum wage or none at all? If your answer depends on any observation of something that can be modified by culture, see below.
I hate to break it to you. The status quo or as you have put it, economic status quo, is not capitalism. It is either socialism, fascism, merchantilism or the welfare state. Typically what has been occurring is a combination of all of the above. Interestingly enough, one would not be too mistaken to believe that all these interventionist philosophies are one in the same.
There are important distinctions between all of them, but this is a thread about minimum wage. Briefly, though, that the state sometimes opposes the dominant means of production and distribution does not mean that they're defined by this opposition. Even in countries with the most state intervention, state capitalism remains a form of capitalism.
Yes, the above is very typical of the current paradigm. ... Now the above is quite dubious. ... Resources are always allocating to where ever in the economy which has the greatest demand.
In an intervened in market compensation and value is quite different. ... Not only in conjunction to labour getting compensated less, prices of good services increase due to less competition between producers.
If everyone in the world who could use your labour were to agree that it would benefit them if they deliberately undercompensated you for it, since you'd have no choice but to work for them anyway, what could you do but work for a reduced rate? But then, why would anyone become an engineer? Then again, does it really require more effort to be an engineer than to be a labourer? It's still a relatively cushy existence compared to hard labour, and if you're going to be paid the same you'd probably rather go for the job that requires the least physical work for the same compensation. Where there's power, it's wielded in the interests of those who possess it in order to gain greater power still and modify the system to entrench that power.
My point is, what checks are in place in a stateless free market society to ensure the preservation of the free market? Who checks that no one is manipulating it, that people aren't forming consortia to work in their interests to the detriment of the system? How do you prevent power from being transferred into the hands of the first people to strike it rich, and then how do you prevent them from using their power to entrench their privilege and devolve the society back into statism? What you're saying might be true of a free market free of intervention, but how do you ensure that it remains free of intervention without some kind of regulatory mechanism in place? The regulatory mechanism can't be a state threatening the use of physical force against anyone who interferes in the free market, so it would have to be cultural - a desire common to everyone, or at least to the vast majority, to keep the market free of intervention and manipulation, and therefore not to tolerate threats to its freedom. Given that such a culture does not exist and would need to be engineered, this brings me to the final point in the referenced post - why stop there?
Any challenges made to a system on the basis that it's not compatible with the way people are can't be tenable when the alternative that you propose isn't compatible with the way people are, either. You have to acknowledge that your system would be just as inoperable in any presently existing culture as mine, and therefore that any challenges made based on that (e.g. that people will only be productive for certain reasons in existing cultures) are unsustainable from your position. Not that I'm talking about anything said in this thread in particular.
No. The idea of those who work hard will become wealthy and have their desired realised is not a theory. ... Some people, such as inventors, can provide society with more benefit than others. In an market economy their labour is simply worth more to society.
...Or whatever. "In theory" as opposed to "in practice". The challenge stands: What's to stop the inventors from using the power afforded to them by their economic advantage to become inventor-kings?
Man, you read too much Marx. There is no such thing as a collective interest of the rich. There is no static pool of rich people that collude together. Rich become poor, poor become rich. Those who don't serve the demands of society fail. Those who serve the demands of society succeed. Producer cartels may form from time to time but they are always broken by a new competitor in the market or one reducing its prices below the others to have a comparative advantage. Producers are always in competition with one another. Some producers may dislike competition. Hence they use the state's apparatus of violence to eliminate their competition. The very act of doing so is no capitalism and is to the detriment of society as a whole.
You and I are the only two rich people in the world. We're so very good at business that we've outcompeted everyone else and now we've reached a sort of equilibrium with eachother. It's not a very big world or something. We have a very obvious collective interest in remaining rich and not allowing anyone with bright ideas to bring us down. Now, some young upstart has the idea that he's going to steal our labour pool by paying people more initially to draw workers away from us and make a more modest profit, but a profit nonetheless. We're not particularly fussed about him making a profit; what we are fussed about is him reducing the size of our business by stealing our workers.
Now there are several solutions. We could buy him out, hire goons to break his shins, etc. - whatever, we're a lot more powerful than him and he can't get away with doing anything we don't want him to do if we choose to stop him.
Did savvy competitors prevent the rise of the first states? No, there are states, so obviously they didn't. There are unscrupulous people in the world who don't care that something is to the detriment of society as a whole, so long as it benefits them, at least until they die. How do you prevent them from forming states?
It seems like you have conflated the negative effects of the state with capitalism. To remedy this I recommend you read 'Man, Economy and State with Power and Markets' by Rothbard, 'Theory of Money and Credit' by Mises and 'Theory of Socialism' by Mises.
Not really. I just question that economic disparity, or any kind of disparity in power, can ever exist without it resulting in states. Including purely interpersonal power - the power to get people to do what you say through charm or intimidation. For anarchy to be sustainable I think it needs to create a world in which there is no power, meaning that there's no economic disparity, either.