They are the symptoms, not the disease. Capitalism will always create them on a long enough timeline. It is streamlined feudalism.
If you have any type of head start under capitalism, for any reason, regardless if everyone profits, those who initially profited a little more will profit exponentially more at an exponential rate as time goes by.
The claim is that under capitalism, everybody is better off. But if they earn 1.1 times as much as you do, as the years turn into decades into centuries, you will have earned a fraction of what they did. That difference matters a lot, especially at scale.
If I get $1 and you get $100, that’s a big difference between us, but not life changing for either.
If I get $1000 and you get $100000, that is a massive difference between us, trivial for me, definitely significant for you.
If I have $100000 and you have $10000000, we might as well live on different planets.
Capitalism doesn’t take this into consideration. Sorry for the somewhat juvenile example, I’m very tired, and am going to have another drink now.
They are the symptoms, not the disease. Capitalism will always create them on a long enough timeline. It is streamlined feudalism.
If you have any type of head start under capitalism, for any reason, regardless if everyone profits, those who initially profited a little more will profit exponentially more at an exponential rate as time goes by.
The claim is that under capitalism, everybody is better off. But if they earn 1.1 times as much as you do, as the years turn into decades into centuries, you will have earned a fraction of what they did. That difference matters a lot, especially at scale.
If I get $1 and you get $100, that’s a big difference between us, but not life changing for either.
If I get $1000 and you get $100000, that is a massive difference between us, trivial for me, definitely significant for you.
If I have $100000 and you have $10000000, we might as well live on different planets.
Capitalism doesn’t take this into consideration. Sorry for the somewhat juvenile example, I’m very tired, and am going to have another drink now.