Honeybee

And every able person can't be expected to get a job, there just aren't enough jobs. So, even if everyone tries to work as hard as he/she can, there will still be involuntary unemployment: people who want to work, but can't work.
I disagree with this hypothesis. I don't see any reason why there can never be full employment. What logical reason is there to suggest that, in any given society, there must always be fewer jobs than there are able bodied people?

What I do know, however, is that some capitalists do actively work against full employment. In Britain, a commitee member of the bank of England (who decide our interest rates) remarked recently that we need more unemployment to reduce inflationary pressures on the economy. What he was actually saying was that the inequality gap was shrinking and this was therefore diminishing the value of wealth. This widely held view amoung capitalist economists is central to their belief that inequality drives economic growth.

This does beg the question: Does the economy serve society or does society serve the economy?