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There's an assumption baked into capitalism that growing the pie is more important than fussing over dividing the pie. This has historically held true. Focusin
by seventhtiger 5y ago
There's an assumption baked into capitalism that growing the pie is more important than fussing over dividing the pie. This has historically held true.
Focusing on equality is a distraction. If the poor are at the same level of poverty over 20 years, it doesn't matter whether the rich got richer or poorer. The fact is the poor are getting richer too, just not as quickly as the rich.
I'm not a free market ideologue. I'm just a practical person. If any system proves to be better at lifting up the poor I'll take it. Currently it seems a largely capitalist system with welfare and healthcare is a highly effective system. Certainly more effective than systems which try to destroy the markets.