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> in reality wealth is largely the result of labor and ingenuity The greatest trick the devil ever pulled was convincing people that this is true.
by drewblaisdell 8y ago
> in reality wealth is largely the result of labor and ingenuity
The greatest trick the devil ever pulled was convincing people that this is true.
- thatoneuser 8y agoOK so if humans didn't toil to create tools and housing and technology then how did it arise?
- fwip 8y agoThe fundamental assertion of capitalism is that capital should beget capital. Under capitalism, wealth is created by labor and taken by those already wealthy.
- shripadk 8y ago> The fundamental assertion of capitalism is that capital should beget capital. This quote explains just half the story. The half of the story being: "success". Pray tell me how is wealth created by labor without someone investing the necessary capital required to begin with? It is not like the labor worked for free. The "wealthy" laboured at one point to earn that capital. They just "chose" to invest their hard-earned capital wisely which helped them beget more capital. Upto that point, your assertion holds true. There are many who were "wealthy" who made blunders when they did not invest their capital wisely and lost it all. Would the fundamental assertion of capitalism "capital should beget capital" hold true in this case? And for all the Zuckerbergs, Jobs and Gates out there, there are a million more who failed. Those million are proof that the fundamental assertion of "capital should beget capital" is false. The only assertion that fits Capitalism is "Survival of the fittest". I can live with that!
- BucketSort 8y agoTrick of the wealthy. It's the only thing that keeps people from revolting against this madness. Donald Trump's fortune is largely the result of labor and ingenuity, right? This warped perspective is going to be the death of us.