A lot of us saw the signs and basically got Scot to hang in there, forcing the owner to sever the contract and thus having to pay the penalties such as giving Scot a months' salary.
All this got me thinking about the various economic systems and how capitalism seems to be the system that is outlasting the rest, at least as far as our modern society goes. Yet, will it truly last in the long run?
The idea that each man gets rewarded according to how hard he/she works and how much financial risk they assume is, like most theories, great on the face of it. And, so far, it is working. Despite the fact that the risk-taker (owner, manager etc.) seems to take a short-term view of the labour pool.
What do I mean? Well, case in point - Scot will certainly spread the word that this hagwon cannot be trusted, the word will spread among others that it cannot be trusted, and as the reputation wanes, so will the profits, and eventually the risk taker will end up losing all.
Sure, the business may outlast a few changes of staff, but eventually a business that treats its labour badly will do the same to its clients, and then it is only time before it falls into total disrepute and bankruptcy.
Unfortunately, of course, the cupidity of human nature is such that socialism has failed and no clear alternatives to the 'dog eat dog' world of capitalism has emerged.
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