“Market capitalism, however, is simply a system of rules and institutions enabling individuals to freely engage in mutually advantageous exchanges with each other, including for the supply and demand of labor services. Markets are neither moral nor immoral, nor are they fair or unjust; they are simply a venue where information about relative scarcity is revealed. Which goods are scarce relative to other goods? And which services are desired more relative to other services? No individual person or group of persons determines the price or wage for any good or service. I can indeed demand $10 million per year, and Wal-Mart can offer to pay employees $1 per week (if legal), but neither are likely to have any takers. The prices and wages that emerge in a market economy are based on decisions made by thousands, if not millions, of individuals, including you, and are based on individual and specific tastes and talents”. —-Mark Steckbeck, economics professor at Hillsdale College blogging at The Liberal Order over “The Rhetoric Over Low Wages and Inequality”