let's spell it together, kids, w-a-g-e t-h-e-f-t
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That’s not not capitalism.
It's not a basis of capitalism by definition, but it sure seems inevitable with the equally-inevitable greedy mindset that seems to go along with it. How's that?
it is the definition of capitalism, as defined by Marx, who coined it.
Marx criticized capitalism, but the capitalist theory is generally attributed to Adam Smith from his works about 45 years prior to Marx's birth.
try reading source material.