Quote Originally Posted by ImSavy View Post
Isn't the world massively overpopulated Renton?
The world isn't overpopulated, not even close. Bangladesh might be overpopulated, but the world has a long way to go. Overpopulation is pretty much a myth. Studies have shown that population growth naturally curbs after a point. This usually goes hand in hand with the increase in wealth of a society. India has a few problems with population growth but its a still a huge country and it's also an emerging economy. As its economy continues to have runaway growth, population growth will subside like it has in western Europe and North America. Japan is actually having major problems with population loss. All of the soothsayers talking about overpopulation are simply taking the world population graph and drawing a tangent line and then its like "oh wow we'll have 15 billion people in a few decades!" but thankfully population graphs are curves and not straight lines, eh?

Quote Originally Posted by ImSavy View Post
What happens when the supply greatly outnumbers the demand?
When supply greatly exceeds demand, prices go down until demand increases or supply is reduced. This is generally a positive thing for society because it means our standard of living increases.

Quote Originally Posted by ImSavy View Post
Or are you just saying everyone who is alive atm who doesn't really have a job that requires any sort of skill should just have their wages cut to a level where living in the community that they need to be in to have the job in the first place just isn't sustainable?
I'm having a lot of trouble understanding this sentence, but are you basically saing that people who live in an area with untenable living costs should nonetheless be able to be paid a living wage for a no-skill no-education job? To answer what I think is your question, I don't think its the responsibility of employers to see that their staff is paid a living wage. It's the responsibility of the employee to negotiate one. If one's lack of skills or education doesn't enable him to get a job that pays enough money to maintain the standard of living he wants, then he should find a lower paying job that builds skill so he's no longer in this predicament in the future.

Quote Originally Posted by ImSavy View Post
Out of interest what would you say the conditions that would be needed to have a completely free market?
It probably cannot happen. The best we can do is limit the government's ability to intervene in markets as much as we can, and make sure our government's laws empower the individual and harshly punish fraud and coercion.