I offer the observations of this piece as foundational to my positions on certain issues which have come up recently in conversations with friends. The ramifications of these ideas are indeed far-reaching, but in particular, for me, they shed light on a few issues that keep coming up in our current geopolitical and socioeconomic contexts. Specifically, they demonstrate why the slashing of collective bargaining rights will not solve the market's manifold problem (rather it will only solve problems resultant from the inevitable curative response to the market's original and primary problem, namely the long-standing inequity of power in determination of the terms of labor/currency exchange); and why apologetics for the ethics of the global economy along such credulous lines as "those sweat shop jobs are simply better than anything else those poor savages had to choose from" (scathing ethnocentric tone added for emphasis, but ultimately not inappropriate to the subject at hand) are fatally post-hoc assessments of the situation, wherein the deep-seated and long-standing injustice of arrangements is overlooked so that the status quo may be regarded as inevitable.
I've been on the lookout for a proper formulation of these ideas. I knew someone had done it brilliantly, and suspected that several or many people have. I had expected to find them formulated by a neo-marxist. Imagine my surprise to discover them vocalized by a doctrinaire libertarian. (This discovery also suggests that my jaundiced view of Libertarianism is perhaps owing to the proliferation of shame-faced corporate oligarchy apologists masquerading as Libertarians, and not to the tenets of the ideology itself). Many thanks to my good friend Fred for pointing me in the right direction on these!