How to let the world be populated by people who can make free decisions about their work and their employer. Nothing to do with negative externalities, unless you think feudalism was particularly green.
The two sides (A grad student, Intel) are not operating on an equal field. As such the "free decisions" aren't really a valid dimension for "free dimensions", as we have to include how unfair the field is in this case (...in all cases).
Intel did 152 BILLION DOLLARS in stock buybacks over 35 years and ruined their own lead. They screwed/squeezed a lot of people so they could juice the stock price - to the point where they lost the semiconductor lead (as that wasn't what they were most worried about - they were mostly concerned with stock price). We need to consider all of these things when we determine if the field is fair for an employee.
Of course it's not equal - it shouldn't be. If you want to be able to seriously negotiate with Intel as an equal, you have to do a lot more than be a grad student.
Why would one grad student have the same power as 10000 employees of a company? Surely when you're finishing with ominous repetition you must know something's a bit off[0].