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Unregulated capitalism is not what's causing the massive inequality we see today. It's the financial and monetary policies. I'm not saying we shouldn't have reg
by patmorgan23 9y ago
Unregulated capitalism is not what's causing the massive inequality we see today. It's the financial and monetary policies. I'm not saying we shouldn't have regulations but the ones we have are centralizing wealth into the biggest corporations. If you look this modern massive growth of inequality doesn't really start until the 1970's after we whet off the gold standard and theirs an uptick in inequality every time the fed decides it needs to pump a bunch of money into the economy.
- nickthemagicman 9y agoDo you have examples of these 'financial and monetary policies' you're referring to? What I see is that Wal-Mart makes a ton of money and their employees have to be on food stamps and still work 80 hour weeks while the owners reap all of the profit. To me this is simply unregulated capitalism which nowdays has become thinly masked slavery.
- oreo81 9y agoWalmart employees don't work 80 hours a week...that's absurd, most can barely handle a 4 hour shift. All in all people get what they're worth, want to earn more money? Bring more valuable talents to the table.
- nickthemagicman 9y agoFalse.
- coolaliasbro 9y ago> Unregulated capitalism is not what's causing the massive inequality we see today. It's the financial and monetary policies. Well, considering that financial and monetary policies are aimed at deregulation, and that financialization of the economy in developed countries is a thing, it would appear that unregulated capitalism is precisely what is causing massive inequality.