Post
Topic
Board Economics
Re: Solution to poverty - Socialism or Capitalism?
by
AZwarel
on 06/06/2014, 00:57:18 UTC
Circus tent analogy to explain Capitalism.


If the economy is a circus tent and wealth were represented by the height of the tent. Successful people would act as tent poles driving up the tent all around them.  The greater number of wealthy people, the more the average person would be elevated. If there were only one rich person, we'd all better hope he'd be rich enough to lift the entire tent.   There's definitely income inequality but to try and correct it would lower everybody. Never mind the countless violations of individual rights that would be necessary to "equalize" income.

There is no right to equal outcome. There is even no right to equal opportunity. There is only a right to freedom and what you make of it.

I like your "circle tent" analogy!
Also, people forget that most of the wealth of the rich are goods which has infinitesimal smaller use value than exchange value. Like a Ferrari, it might cost hundred thousands of dollars, but basically it is just a 5 year's old Fords in use value. So the rich ain't that rich at all as most people think!