This chapter addresses inequality, including possible types of exploitation within capitalism and factor asymmetries between labor and capital. One asymmetry, noted by Alfred Marshal among others, is that labor (unlike capital) is inseparable from its owner. An additional and neglected asymmetry is that labor under capitalism (unlike capital) cannot be used to obtain collateral. This is an important ongoing source of inequality within capitalism. By contrast, markets and globalization are not necessarily sources of inequality. Some proposals for dealing with the problem of inequality are briefly reviewed.
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