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Capitalism inherently creates income inequality, as labor will forever be paid less than capital accumulation, while having less opportunity to accumulate capit
by freeone3000 6y ago
Capitalism inherently creates income inequality, as labor will forever be paid less than capital accumulation, while having less opportunity to accumulate capital themselves. There is an inherent inequality in allowing wealth to create more wealth, while labor cannot create the same wealth.
- ClumsyPilot 6y agoIf that were true, the system would be unstaible. As inequality tends towards infinity, something's gonna break.
- username90 6y agoOnly if the inequality isn't warranted. If it is backed by by armed autonomous drones or other ways to efficiently project power without needing lots of people then there is no reason it wouldn't be stable.
- ClumsyPilot 6y agoI sincerely doubt that is on the cards. You can have a dictatorship, but you will still need people / your crownies. The day the drones are smart enough that they don't need anyone to maintain them and adjust them, maybe they start getting ideas about that one meatbag in charge of them.
- mhh__ 6y agoThe answer is that there is an inherent tradeoff between Risk and potential growth, i.e. amongst the "initiated" (like people engaged in active debate over these matters) the people who just want a simple life and a job are vastly underrepresented.
- sudosysgen 6y agoThis isn't accurate at all. The people that have the capital to actually be able to achieve financial independence have much less marginal utility downside from an equal amount of risk than the average people that have a simple life and a job. For many people, taking that kind of risk can have vastly outsized impacts. Risk labour is simply a convenient myth.
- thewarrior 6y agoNo you see actually the billionaire investing 10 million of his own money is taking a really big risk. This needs to be rewarded. Unlike the wage earner who loses his house and health insurance the moment he is fired ....
- freeone3000 6y agoThe system is unstable. When inequality has reached sufficient levels, there's traditionally been a "hard reset" (France, Venezuela, Cuba...), with wealth being redistributed by force. The United States currently has the highest wealth inequality seen in a democracy. It likely won't remain a democracy much longer.
- notJim 6y agoI think US democracy will survive, but it's surely not a coincidence that we're seeing more extreme, and potentially destabilizing ideas gain ground on both the right and the left amid widening inequality.