>>185689484>How is a worker being exploited, though? Both parties agree on a salary. The worker is free to find somewhere else to work if he feels exploited.
I'm glad you brought this up. Economics is the study of people making rational decisions, right? If you were dying of thirst in a desert, and someone drove up to you with water and charged you one million dollars, most rational people would take that lifelong debt over not dying.
The concept of voluntary association completely ignores the contemporary context that lead an individual to make that association. If you HAVE to sell your labour to survive, you're going to sell your labour, no matter what the pay is.>How is the existence of risk and profit from business circular logic?
You seemed to be saying that profits justify the risk, and I'm saying that the system need not be structured that way to begin with.