Quote from: CrewKitten on July 26, 2017, 08:07:05 PM

Quote from: RealBitcoin on July 26, 2017, 07:55:17 PM

Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before.

> There are many rich people with tons of capital but there are more unemployed people that will not have access to that

> People are living in luxury mansions and driving very expensive car, and then kids are starving in other places

> Profits of companies is going up, but real wages going down, people are living paycheck to paycheck

> Everyone is in debt, nobody has any savings, and most people are working part time jobs

> Nobody has a house, nobody can afford one, yet real estate speculators own thousands of them

> Banks have trillions of $ of money, but they still charge you 50$ / transaction because of their greed

> People have no future prospects, no career opportunity, they just live from paycheck to paycheck trying to pay off the debt and buy some shit GMO food filled with poison, because why sell healthy food to the public when the GMO food is more profitable?

It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.

Capitalism creates great income inequality, but that is not necessarily a bad thing. It is a scientifically proven those who make $75,000+ annually are essentially as content with their lives as multimillionaires. The reasons for this are many, but mostly because the rich work more hours... even though they have more, they spend way more time working and therefore have far less time to actually enjoy the fruits of their labor.

I agree with what has being said about how capitalism is the best we've found thus far and I honestly don't know any alternatives, but this "the rich work more hours" narrative is one of the biggest bullshits ever. The rich work smarter, not harder.
The working class spends most of their time working. Established rich families just live off dividends. If you have 10 millions in the bank, you can sit on your ass all day as you get dividends from safe stocks. That is what all these rich kids from instagram do. Oh and now they even get more money by flaunting their wealth on social media since these rich guys get tons of followers which leads to ad revenue.

The people that go from nothing to rich are the ones that spend the most hours trying to figure out a way to get rich (assuming you just don't luck out), but after that, once you are established with enough millions, you can live off passive income and do fuck nothing if you don't want to.

I work my ass off all day, then spend the little amount of free time I have researching crypto stuff trying to get rich. I laugh at the idea of all these rich cunts working more time than me.