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Have you heard of wage slavery, where people use the term to focus on similarities between slavery and wage like owning and renting a person
Wage slavery is a pejorative term used to draw an analogy between slavery and wage labor by focusing on similarities between owning and renting a person.
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Wage slavery
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Wage slavery
Wage slavery is a pejorative term used to draw an analogy between slavery and wage labor by focusing on similarities between owning and renting a person. It is usually used to refer to a situation where a person's livelihood depends on wages or a salary, especially when the dependence is total and immediate. The term "wage slavery" has been used to criticize exploitation of labour and social stratification, with the former seen primarily as unequal bargaining power between labor and capital (particularly when workers are paid comparatively low wages, e.g. in sweatshops), and the latter as a lack of workers' self-management, fulfilling job choices, and leisure in an economy.
Anarchist economics
Anarchist economics is the set of theories and practices of economic activity within the political philosophy of anarchism. As a rule, anarchists are anti-capitalists. They argue that its characteristic institutions promote and reproduce various forms of economic activity which they consider oppressive, including private property, hierarchical production relations, collecting rents from private property, taking a profit in exchanges, and collecting interest on loans. They generally endorse possession-based ownership rather than propertarianism. The early English anarchist William Godwin's views on economics could be summarized as follows: "he envisages the possibility of specialization in the various crafts, which would lead to a man's following the task for which he had the greatest aptitude, and distributing his surplus products to whoever may need them, receiving what he himself needs of other things from the surplus produced by his neighbours, but always on the basis of free distribution, not of exchange.
Capitalism
Capitalism is an economic system and ideology based upon private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, political economists, sociologists, and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice.
Anti-capitalism
Anti-capitalism encompasses a wide variety of movements, ideas and attitudes that oppose capitalism. Anti-capitalists, in the strict sense of the word, are those who wish to replace capitalism with a moneyless society or with another type of economic system. Socialism advocates public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals, with an egalitarian method of compensation. Socialists argue that the accumulation of capital generates waste through externalizations that require costly corrective regulatory measures.
Libertarian socialism
Libertarian socialism (or socialist libertarianism) is a group of anti-authoritarian political philosophies inside the socialist movement that rejects socialism as centralized state ownership and control of the economy. Libertarian socialism also rejects the state itself, is close to and overlaps with left-libertarianism and criticizes wage labour relationships within the workplace, instead emphasizing workers' self-management of the workplace and decentralized structures of political organization. It asserts that a society based on freedom and justice can be achieved through abolishing authoritarian institutions that control certain means of production and subordinate the majority to an owning class or political and economic elite.
Slavery
Slavery is any system in which principles of property law are applied to people, allowing individuals to own, buy and sell other individuals, as a "de jure" form of property. A slave is unable to withdraw unilaterally from such an arrangement and works without remuneration. Many scholars now use the term chattel slavery to refer to this specific sense of legalised, "de jure" slavery. In a broader sense, however, the word slavery may also refer to any situation in which an individual is "de facto" forced to work against their own will. Scholars also use the more generic terms such as unfree labour or forced labour to refer to such situations.
Criticism of capitalism
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety, to expressing disagreement with particular outcomes of capitalism. Criticism of capitalism comes from various political and philosophical approaches, including anarchist, socialist, religious, and nationalist viewpoints. Among those wishing to replace capitalism with a different method of production and social organization, a distinction can be made between those believing that capitalism can only be overcome through revolution (e.g., revolutionary socialism) and those believing that structural change can come slowly through political reforms (e.g., democratic socialism).