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Whenever I read something about capitalism the piece always points out how capitalism increases humanity's overall wealth but fails to mention that it rips off
by t0astbread 6y ago
Whenever I read something about capitalism the piece always points out how capitalism increases humanity's overall wealth but fails to mention that it rips off some people so hard, their wealth benefit is negative. For example, workers in low-income countries might receive some technological advancements via capitalism but the exploitation they have to endure is not at all justified by the benefits.
Here's a "hot new idea that no capitalist has ever thought of" (it's phrased a bit provocative but I honestly think it's a good point): Wealth can be a bad thing if it's not shared. If I have a higher living standard in one country (or society, group, whatever) then my freedom to move to another country decreases because I wouldn't want my living standard to decrease. Differences in wealth make barriers which also disbenefit the wealth-bearer. In extreme cases, a difference in wealth can also lead to envy, hatred and, sometimes, escalation from the non-wealth-bearer side (as the article points out).