3 ms·
The system is working as intended - the people with the most capital are getting the most rewards in a system called capitalism. This is exactly what it was des
by kelseyfrog 4y ago
The system is working as intended - the people with the most capital are getting the most rewards in a system called capitalism. This is exactly what it was designed to do. If it was called "fairism" and this was happening we would have a problem.
- akira2501 4y agoCapital eventually moves to concentrate power by merging entities and monopolizing markets. It wasn't designed to do that, but is a consequence of allowing it to operate without regulation. As a result competition is reduced and the consumer harmed. We generally don't consider that we have "laissez faire" capitalism, for a reason. Interestingly, when it comes to bailouts and government subsidy, we don't seem to have a problem recognizing this fact. When the citizens are being paid poorly, we suddenly find ourselves searching for the "true meaning" of capitalism.
- annoyingnoob 4y agoAt least in the US you need to consider tax policy. Chances are that the top 1% pays less in taxes than a big chunk of the other 99%. This means that the top 1% get to keep a larger portion of their income every year, over time this is a slow funnel of money from everyone else to the top 1%. We've had 40 years of this tax policy and the wealthy just keep getting more wealthy on the backs of everyone else. The structure of the tax system is not fair and that skews all of the results. Capitalism does not require unfair tax policy that benefits top earners.