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That "lesson" old and is in essence one of the key points of socialist thought, especially but not exclusively in Marxism. An additional, more radical view poi
by dgb23 5y ago
That "lesson" old and is in essence one of the key points of socialist thought, especially but not exclusively in Marxism.
An additional, more radical view point would be that the term "redistribution" is misleading as wealth is generated by the worker and then extracted by private owners.
And what do they do with it? They cripple their ability to make things in exchange for short term gains:
> For decades, many U.S. companies moved manufacturing overseas, taking advantage of cheaper labor and cheaper materials across the oceans. In normal times, America benefits from global trade, and the price of offshoring is borne by the unlucky few in deindustrialized regions.
- imtringued 5y ago>An additional, more radical view point would be that the term "redistribution" is misleading as wealth is generated by the worker and then extracted by private owners. That primarily applies to monopolies like land or ISPs. Most markets work well because there is a reasonable amount of competition and the supply of goods can grow according to demand.