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For what it's worth, I agree, I think capitalism + some rule tweaks is fine. The culprit is really the beauty of capitalism: accelerating returns on investment.
by SapphireSun 12y ago
For what it's worth, I agree, I think capitalism + some rule tweaks is fine. The culprit is really the beauty of capitalism: accelerating returns on investment. If you get to the head of the race you tend to start to accrue more and more wealth. The problem is that it's sucking the pond dry as there is a relatively stable money supply and much of it is circulating in the stratosphere (often as corporate stock buybacks). Hence the need for rule tweaks to enhance recirculation.
This is a cool video I saw a while back that shows the current issue: https://www.youtube.com/watch?v=QPKKQnijnsM https://www.youtube.com/watch?v=QPKKQnijnsM
I also agree that movement between countries is a modern problem that probably invalidates the old solution (unless multiple countries coordinate - unlikely). So, we have a problem that wealth will continue to concentrate absent controls on the distribution.
The US has a lot of political problems right now, and the major commonality is that people at the bottom get the shaft every time. I think it's too much to try to solve every problem facing civilization in one conversation though, so I'll stick to distributions. ;)
For what it's worth, believe me, I'm not a hippie. I want to start a company and get rich one day like all of you. I just think it's important to pay attention to the steady state of the system we are participating in.