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One the whole capitalism is not zero-sum, as we can observe by continued GDP growth. I think a lot of the frustration comes from the feeling that within certain
by take_a_breath 7y ago
One the whole capitalism is not zero-sum, as we can observe by continued GDP growth. I think a lot of the frustration comes from the feeling that within certain classes, it is zero-sum.
Imagine an economy that grows by $1 trillion. Suppose all that wealth goes to a select group (Top 5%). Everyone in the other 95% is essentially in a zero-sum game. If the paths to that Top 5% diminish (low capital gains tax, increasing education/housing costs), it becomes worse.
At the same time, the rich are running for political office and supporting things like Citizens United that re-enforce their power.