unemployment and unemployment compensation are inventions of capitalism. Capitalism needs to fire people when it’s profitable. And it needs to have a “reserve army of the unemployed” so that all workers are well-disciplined. So, don’t be fooled. Even though unemployment is bad for capitalism in so far as it erodes profits, it is good for the system as it helps capitalists stay on top. For the worker, though, unemployment is unilaterally bad. But they get no choice, because the system has decided for them. Capitalism would rather suffer the loss of unemployment than suffer the risk of a
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